Frontier IP Group PLC - London-based intellectual property commercialisation company - Welcomes announcement from Elbow Beach Capital, which is investing GBP1.5 million in Frontier's portfolio company Fieldwork Robotics. The investment is part of an equity funding round by Fieldwork of more than GBP2 million. Fundraising values Fieldwork at GBP6.7 million. As part of the funding round, Frontier has invested GBP172,000 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.
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By Jeremy Cutler, Alliance News reporter
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