Partner Article

Smart energy analytics firm closes seven-figure Series A round with Imperial Innovations

Imperial Innovations Group has announced that Inflowmatix, a water network analytics firm, has completed its £3m Series A funding round.

The round drew £1.8m investment from Innovations as well as £1.2m from London-based investment management firm Parkwalk Advisors Limited, who come aboard as a new investor.

It means that the investment firm, who focus on commercialising technological innovations developed at the UK’s four most-intesive research universities, now holds a 57% stake in the analytics firm.

Inflowmatix was founded in 2015 after it spun-out from the Department of Civil and Environmental Engineering at Imperial based on research carried out by Dr Ivan Stoianov.

It provides water flow and pipe health analytics for water utilities companies, helping to diagnose hydraulic issues, reduce operating costs and ensure water systems are running more efficiently.

The firm is currently seeking potential clients for field trials of its data analytics technology using a prototype whose patent is currently pending, and hopes to expand its search with this new investment boost.

Kelsey Lynn Skinner, Director Technology Ventures at Imperial Innovations, commented: “Inflowmatix has made strong progress since our last round, engaging with customers and developing its end-to-end solution towards commercialisation.

“We have been working with Ivan Stoianov on Inflowmatix since its initial IP development and are delighted to continue our relationship with this new investment.”

Inflowmatix is currently headed up by Chief Executive Officer Steve George, who has experience in the water industry stretching back to 1999, and joined from natural resource firm Suez Group.

As part of Parkwalk’s investment, Alun Williams will join Steve on the Inflowmatix board, and Kelsey took the opportunity today’s announcement to welcome the investment firm on board.

She added: “We would also like to welcome Alun from Parkwalk Advisors to the Board. We have co-invested with Parkwalk in a number of our other ventures and we look forward to working alongside them in this exciting opportunity.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →