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Frontier IP raises £750,000

UNIVERSITY intellectual property commercialisation specialist Frontier IP has raised £750,000 from a new share placing.

The Edinburgh company said the net proceeds would be used to support its existing funds and portfolio companies.

Chairman Andrew Richmond subscribed for 150,000 shares, which were priced at 20p each, while portfolio director David Cairns took 125,000.

Chief executive Neil Crabb said Frontier expects to add to its portfolio in the current financial year.

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