Frontier IP Group (FIPP LN) today announced that UK portfolio company Fieldwork Robotics has raised £675,000 through an equity fundraising from existing and new investors. This funding round means that Frontier IP’s equity stake in the business is 22.2%. The funding proceeds will be used to support development of Fieldwork Robotic’s flexible agricultural robot technology for harvesting soft fruit and vegetables.
19 Mar 2021
VSA Morning Technology Comment
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VSA Morning Technology Comment
Frontier IP Group Plc (FIPP:LON) | 43.5 0 0.0% | Mkt Cap: 24.4m
- Published:
19 Mar 2021 -
Author:
Phil Smith -
Pages:
3
Frontier IP Group (FIPP LN) today announced that UK portfolio company Fieldwork Robotics has raised £675,000 through an equity fundraising from existing and new investors. This funding round means that Frontier IP’s equity stake in the business is 22.2%. The funding proceeds will be used to support development of Fieldwork Robotic’s flexible agricultural robot technology for harvesting soft fruit and vegetables.