York’s Concepta Diagnostics achieves AIM listing following significant investments

Concepta Diagnostics, which has secured significant funding from Finance Yorkshire, achieved an AIM listing today (July 7th).

York-based Concepta specialises in the area of fertility and has developed market-ready digital fertility and pregnancy test products.

The company’s admission to AIM was by way of a reverse takeover of Frontier Resources International, which has been renamed Concepta plc.

Prior to the company being listed on AIM, Concepta received investment totalling £2.3m from Finance Yorkshire’s Seedcorn Fund alongside Diagnostic Capital and the Angel CoFund.

Mercia Technologies invested £400k in Concepta earlier this year.

Frontier intends to raise £3.5m in new funds to support the continued growth of the business with Mercia investing a further £1m.

Alex McWhirter, Finance Yorkshire chief executive, said: “Finance Yorkshire was instrumental in the early stages of founding Concepta providing valuable investment, support and guidance. It is very pleasing to have been involved in the shaping of this innovative technology company and to see it grow to the global potential it enjoys today.”

Concepta was founded by a group of scientists who previously worked for Unipath in the fields of fertility and women’s health.

Mark Payton, chief executive officer of Mercia Technologies PLC, commented: “Concepta Diagnostics is Mercia’s third direct investment emanating from Yorkshire, two of which have been from the Finance Yorkshire Seedcorn portfolio.

“This is testament to the quality of regional tech opportunities in the region which we have been very impressed with.

“The progress made by the management team at Concepta is significant and we are delighted that it has been admitted to AIM as we look forward to helping the company grow further over the months and years to come.”

Concepta’s product range has achieved registration in the Chinese market, where the abolition of the country’s one-child policy is expected to drive significant demand for a at-home fertility monitoring system as parents seek to have additional children.

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