Business
Portfolio co OXCCU completes £20.75m funding round
Portfolio co OXCCU completes £20.75m funding round.
About this update from Ip Group Plc
[{"type":"text","content":"\n\n\n\n\n\n\nFOR RELEASE ON\n\n\n29 September 2025\n\n\n\n\n \nPortfolio company OXCCU raises £20.75m in Series B funding to scale sustainable aviation fuel from waste carbon\n· Series B investors include IAGi Ventures (the dedicated corporate venturing arm of the International Airlines Group), Safran Corporate Ventures, and Orlen VC alongside re-investment from world-class Series A participants.\n \nIP Group plc (LSE: IPO) (\"IP Group\" or \"the Group\"), which invests in breakthrough science and innovation companies with the potential to create a better future for all, is pleased to note that portfolio company OXCCU (\"OXCCU\" or \"the Company\") has completed an oversubscribed funding round totalling £20.75m.\n \nThe funding will enable OXCCU, an Oxford University spin-out developing a one-step process to convert waste carbon into sustainable aviation fuel (SAF), to accelerate its commercialisation efforts, expand its operations, and advance its next phase of technology scale-up.\n \nAlongside continued support from IP Group, the round includes new investors Orlen VC, Safran Corporate Ventures, International Airlines Group (IAG), Hostplus, and TCVC, as well as existing backers Clean Energy Ventures, Aramco Ventures, Eni Next, Braavos Capital, and the University of Oxford.\n \nIP Group committed £2m to the funding round from its balance sheet and £2m from its Hostplus managed funds*. Following completion, IP Group plc has an undiluted beneficial holding of 15.2% in OXCCU, with a further 3.6% held via its managed funds.\n*Includes funds managed/advised on behalf of Hostplus.\nThe full announcement follows:\nOXCCU Raises $28m in Series B Funding to Scale Sustainable Aviation Fuel from Waste Carbon\n● Backed by global leaders in aviation, energy, and climate investing, OXCCU strengthens its position as a critical player in the global push for commercially viable sustainable aviation fuel (SAF).\n● Series B investors include IAGi Ventures (the dedicated corporate venturing arm of the International Airlines Group), Safran Corporate Ventures, and Orlen VC alongside re-investment from world-class Series A participants.\n \nOXFORD, England, September 29th 9 AM BST - OXCCU, the Oxford University spin-out developing a one-step process to convert waste c...