The commercialisation firm has issued 7.5 million shares to raise $3.7m in fresh funds.
Frontier IP, a UK-based commercialisation firm, has raised £3m ($3.7m) in gross proceeds through the issue of 7.5 million new shares prices at £0.10 each.
The firm aims to use the capital to accelerate its growth and expands its resources both domestically and internationally as it looks to further develop and grow its portfolio.
Frontier IP has partnerships in place with Cambridge, Dundee, Heriot Watt, Plymouth and Robert Gordon and Central Lancashire universities in the UK, as well as Évora University and Universidade Nova de Lisboa’s Faculty of Science and Technology in Portugal.
Neil Crabb, chief executive of Frontier IP, said: “We are delighted to announce the successful completion of this fundraising, which was oversubscribed, and welcome the support of both existing and new investors.
“Frontier IP is now well-positioned to accelerate its growth through the development of its existing portfolio and the identification and development of new opportunities in the UK and beyond.”
