Igloo Vision secures £1m from Frontier Development Capital to fund international growth
The investment package from Frontier Development Capital will support expansion and recruitment at the virtual reality specialist.
Igloo Vision develops shared immersive workspaces and software that allows digital content and virtual reality to be displayed across room walls. The firm operates globally with several international offices.
Igloo Vision has secured £1m in funding from Frontier Development Capital to accelerate its international expansion and recruitment plans. The Shropshire-headquartered virtual reality firm intends to grow its network of sales and demonstration centres following the investment.
The profitable enterprise has previously delivered hundreds of installations across numerous countries for clients such as Microsoft, BP, and Uber. The new capital will enable the management team to build upon its export success and pursue further growth in global markets.
From the founder
"For a VR company we are unusual, because we are already profitable and already selling to many of the world's biggest brands. The one thing that has held us back is that we haven't had enough investment to expand as quickly as we would have liked. Frontier Development Capital's involvement now enables us to accelerate our growth."
Dennis Wright
CEO at Igloo Vision
Investor perspective
"Igloo Vision represents the best of British design and technology, something that has allowed it to make waves globally and build an impressive client roster. The demand for its products and services demonstrates the scale of the firm's innovation and commitment to creating highly engaging experiences and solutions for its clients' audiences."
Graham Mold
head of growth capital, Frontier Development Capital
Use of funds
- 01Expand into international markets
- 02Grow the team
Investors
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About the company
Igloo Vision
Igloo Vision builds shared immersive workspaces and projection software for enterprises.