Igloo Vision secures £2m from Frontier Development Capital to expand immersive workspaces
Frontier Development Capital led a £2m debt investment to support the global rollout of immersive meeting rooms.
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.
Shropshire virtual reality technology firm Igloo Vision has secured a £2m investment package led by Frontier Development Capital. The capital will be directed towards accelerating the global rollout of the company's immersive meeting room product, which converts standard corporate spaces into collaborative environments for distributed teams. The latest injection follows earlier funding rounds including an equity raise last year.
From the founder
"As an ambitious technology company, we have carved out a strong reputation and have already partnered with many of the world’s biggest brands, with many more projects on the way. In the wake of the Covid-19 pandemic, more and more organisations are investigating our technology to find out how it can help them work faster, make better decisions, and bring together teams from around the world."
Dennis Wright
CEO at Igloo Vision
Investor perspective
"Igloo Vision is leading the way in the development of shared immersive technology and software. FDC has supported Igloo throughout its growth journey, providing several rounds of funding and working with the company to realise its aims."
Graham Mold
head of growth capital, Frontier Development Capital
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
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About the company
Igloo Vision
Igloo Vision builds shared immersive workspaces and projection software for enterprises.