Frontier IP Group PLC - London-based intellectual property commercialisation company - Announces its portfolio company CamGraPhIC has raised £1.3 million through an equity funding round from existing and new investors to develop and scale-up its graphene-based photonics technology. The technology is being developed for use in high-speed data and telecommunications networks.

Frontier’s stake in CamGraPhIC is 21%. The firm invested £300,000 in the funding round.

Current stock price: 67.25 pence, down 1.1% in London on Friday

12-month change: down 28%

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