Marriott Harrison is delighted to have represented investors including Oxford Science Enterprises, IP Group/Kiko Ventures and Foresight WAE Technology Fund in Mixergy’s £9.2m fundraising. The round also saw participation from new investors EDP Ventures and Nesta.
Mixergy is a market leader in hot water tank innovation, utilising advanced technology to find cost effective and convenient solutions to promote sustainable living. It adopts a patented approach to heating which exploits thermal stratification to only heat the water you need. The funds will be used to support a new Research and Development centre at their Oxfordshire headquarters. This facility will enable them to further develop their product portfolio including home energy and heat storage technology and expand their reach globally.
Oxford Science Enterprises is an independent, billion-pound investment company created in 2015 to found, fund, and build transformational businesses via its unique partnership with the University of Oxford.
IP Group’s cleantech platform, Kiko Ventures, is an evergreen venture investor focussed on combining financial profitability with environmental sustainability.
The Foresight WAE Technology Fund (FWT) is a collaboration between Foresight Group, a London listed asset manager with £12bn AUM and WAE, an engineering consultancy which spun out of the Williams formula one team in 2010. The fund invests in early-stage deep technology companies that have developed disruptive, IP-protected technologies.