Frontier IP (GB:FIPP) has released an update.
Frontier IP Group has announced that its portfolio company, Deakin Bio-Hybrid Materials, successfully raised £693,000 in an oversubscribed equity funding round, leading to a post-money valuation of £2.69 million. The funds will be used to advance the development of sustainable, low-energy bio-based materials as alternatives to ceramics, with Frontier IP holding a 24.8% stake in the company. DeakinBio’s innovative technology, which significantly lowers carbon emissions, is poised to revolutionize the ceramic tile industry and beyond.
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