Westminster Group PLC (LON:WSG), the security and managed services specialist, raised £2.5mln through an oversubscribed placing at 5.7p per share.
Peter Fowler, Westminster's chief executive, said: "I am encouraged by signs travel restrictions may, at last, be beginning to ease in a number of regions and that some of our delayed projects are once again beginning to move forward.
“This has been amply demonstrated by two recent major long-term contract awards and advances in other near-term prospects.
"I am also encouraged by the strong institutional and shareholder support that has driven this fundraise at a premium to the mid-market price.”
Earlier this week, Westminster announced it had won contracts to provide security at five airports in the DRC and container screening services at a port in West Africa.