- Intellectual property investor Frontier IP said Nandi Proteins had raised £720K via a convertible loan, including a £360K investment from the UK government's future fund.

As well as UK government's investment, Frontier IP invested £320K and Shackleton Finance invested £40K in the funding round, the company said.

Frontier IP held a 20.1% stake in Nandi Proteins. Shackleton was also an existing shareholder.

The funding would support Nandi in meeting technical and commercial milestones relating to a number of collaborative projects, the company said.

At 10:03am: [LON:FIPP] Frontier IP Group PLC share price was +1.5p at 65.5p

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