UK - NorthStar leads £500k investment in Durham Pipeline Technology
NorthStar Equity Investors (NSEI) has led a ТЃ500,000 investment into pipeline maintenance company Durham Pipeline Technology (DPT), alongside Enterprise Ventures (EV) and senior management.
NSEI invested £300,000 through its Co-Investment Fund, while EV and management contributed the balance of the equity. DPT, a spinout from Durham University, has developed a technology that uses brushes to drive tools forwards and backwards inside pipes to clean, maintain and inspect them. The company provides services to the oil and gas, water and nuclear industries.
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