Exscientia has completed a $100m Series C financing, and Frontier IP has released a FY’21 trading update stating it remains “confident on the prospects” for FY’21 (June Y/E). Whilst, the pre-money valuation is undisclosed, Exscientia remains Frontier IP’s largest equity holding by value. Despite pressure for exits, the news clearly justifies Frontier IP’s strategy to maintain its holding in Exscientia, which has only been modestly diluted to 2.11% (from 2.27%). Fair value of Frontier IP’s portfo ....
04 Mar 2021
Exscientia $100m raise triggers +ve trading update
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Exscientia $100m raise triggers +ve trading update
Frontier IP Group Plc (FIPP:LON) | 43.5 0 0.0% | Mkt Cap: 24.4m
- Published:
04 Mar 2021 -
Author:
Edward Thomason -
Pages:
3
Exscientia has completed a $100m Series C financing, and Frontier IP has released a FY’21 trading update stating it remains “confident on the prospects” for FY’21 (June Y/E). Whilst, the pre-money valuation is undisclosed, Exscientia remains Frontier IP’s largest equity holding by value. Despite pressure for exits, the news clearly justifies Frontier IP’s strategy to maintain its holding in Exscientia, which has only been modestly diluted to 2.11% (from 2.27%). Fair value of Frontier IP’s portfo ....