top round

Investors

PDF Print E-mail

LUX has been historically supported by Archangel Informal Investment, the Scottish Co-Investment Fund and the Edinburgh Technology Fund. Recently, Statoil and ConocoPhillips have become substantial investors in the company.

ConocoPhillips

ConocoPhillips is one of the world's largest independent Exploration and Production companies based on proved reserves and production of liquids and natural gas. As of Dec. 31 2012, the company has operations and activities in 30 countries, $58 billion in annual revenue, $117 billion of assets, and approximately 16,900 employees. Through its Technology Ventures group, ConocoPhillips makes equity investments in start-up companies developing innovative technologies with the potential to improve the company's safety, sustainability, and operating performance. ConocoPhillips Technology Ventures also seeks to collaborate with its protfolio companies to validate and commercialise technologies.

Statoil Technology Invest

Statoil is a Norwegian based global energy company with business in more than 40 countries. Through its corporate venture arm Statoil Technology Invest, Statoil makes investments in exciting start-up companies which have technology that will improve Statoil's operations. In addition to equity funds Statoil Technology Invest offers access to technical expertise, qualification sites offshore and sales to a major oil company. Statoil Technology Invest is presently building a presence in the UK. 

Archangel Informal Investment

Archangel Informal Investment is Scotland's leading Business Angel Syndicate. Formed in 1992 and based in Edinburgh, the syndicate comprises around 100 investor members and is investing about £10m per year in early stage companies, including leverage from partners; the largest being the Scottish Enterprise Co-Investment Fund. The syndicate and its small central executive team have wide experience in diverse business sectors and disciplines to help and support the creation and development of young companies to maximise investor return.

Scottish Enterprise and the Scottish Investment Bank

Scottish Enterprise is Scotland's main economic development agency and aims to deliver a significant, lasting effect on the Scottish economy by identifying and exploiting the best opportunities for economic growth. The Scottish Investment Bank is a division of Scottish Enterprise operating Scotland-wide in partnership with Highlands and Islands Enterpise. It manages a suite of funds including the Scottish Seed Fund; the Scottish Co-investment Fund; the Scottish Venture Fund; the Scottish Plastics Loan Fund and the Renewable Energy Investment Fund. SIB is also the cornerstone investor in the privately-managed Scottish Loan Fund. These support Scotland's SME funding market to ensure businesses with growth and export potential have adequate access to capital. SIB also provides a team of financial readiness specialists to help companies prepare for new investment and more easily access finance from the private sector. 

Last Updated ( Thursday, 21 March 2013 )
 
 
LUX Assure Limited

LUX has officially changed its name to LUX Assure Limited as of 10th May 2013. 

Formally LUX Innovate Ltd, we have been using the LUX Assure band for our Oil and Gas division for many years and focused solely on this division in late 2009. Following recent significant investment in the company to transform us from a technology development business to a service provider for the oil and gas industry, we have decided it is time to make this name change official.

If you have any queries about this change please contact us.

 

 
 
£3.25m Invested in LUX Assure

LUX is excited to announce that we have received £3.25m in investment to transform the company from a technology development business to a service provider for the oil and gas industry.

 
 
InnovOil
LUX in InnovOil magazine
 
bottom round