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Vaccitech, an Oxford University spinout company developing a universal flu vaccine, among other vaccine-related products, has secured £20 million in Series A financing.

Flu vaccine spinout secures a further ps20m in funding.jpg

Image courtesy of Queen's University (Flickr Creative Commons)

The round was co-led by new investors GV, Sequoia China, and existing backer Oxford Sciences Innovation, which manages a £600m fund aimed at Oxford University spinouts, and was also joined by Neptune Ventures. 

This brings the total amount raised by Vaccitech to £30 million since it was established in 2016.

Vaccitech, which was spun out by Oxford University Innovation in 2016, is commercialising the research of vaccine development specialists Adrian Hill and Sarah Gilbert, who developed the underpinning technology at Oxford University’s Jenner Institute. 

Find out more (University of Oxford website)