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Frontier IP Group PLC - London-based intellectual property commercialisation company - Welcomes announcement from Elbow Beach Capital, which is investing £1.5 million in Frontier’s portfolio company Fieldwork Robotics. The investment is part of an equity funding round by Fieldwork of more than £2 million. Fundraising values Fieldwork at £6.7 million. As part of the funding round, Frontier has invested £172,000 through the conversion of loans and trade debt. Following the conversion, Frontier no longer has any loans or trade debt with Fieldwork and has a 22% stake in the firm. Current stock price: 46.67 pence, up 3.7% on Thursday 12-month change: down 34% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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