Contact Igloo

At Igloo HQ, we’re ever-so-happy to announce that, despite the continued challenges of the COVID-19 pandemic, the company has raised a further £787,000 in an equity investment round under the UK Government’s Enterprise Investment Scheme (EIS).

This latest investment was secured in its entirety from London-based Ingenious Group, a leading investment company specialising in the media, infrastructure, real estate and education sectors. Its other investments include stakes in cloud-based digital platform design pioneers, an ed-tech start-up, and an energy company facilitating the transition to a low-carbon future.

What we’re particularly pleased by is that this is our second investment round since the onset of the pandemic, and represents an annualised 12% increase in the valuation of the company.

This injection of funds will help us to further the production of our Immersive Media Player (affectionately known as the Igloo IMP) and continue to build out our already broad software suite. Early buyers of the IMP include global management consultancy heavyweights, one of the world’s largest logistics firms, and major North American utilities players.


Three of Igloo Vision's directors inside an immersive workspace, from left to right we have Dennis Wright (CEO),  Colin Yellowley (Managing Director) and Pippa Halliday (Commercial Director)

Igloo CEO, Dennis Wright, said, “This latest investment, along with the ongoing increase in the valuation of Igloo, is a reflection of the significant progress we’ve made, irrespective of a global pandemic and recession. Sales have remained buoyant and we have been able to penetrate new geographies, with Igloo technology now used in 39 countries.”

And Neil Forster, Chief Executive Officer at Ingenious, said, “In the current environment, it is the companies that effectively support collaboration and communication between multi-locational teams that will thrive. Igloo Vision is certainly one of those companies as is demonstrated by their extensive client list which includes some of the world’s leading brands, software companies, and utilities.

“The deal aligns strongly with our investment strategy and we are looking forward to working closely with Dennis and his team.”

As a company, we’re still eligible for EIS funding until 31st March 2021 and open to hearing from other potential EIS investors who want to be part of the Igloo success story.

If you’re such an investor, do check out our Investor Relations to learn more.


What are you looking for today?

  1. Find out how Igloo technology can work for you
    Explore our range of products, including cubes, domes, cylinders, immersive workspaces and Immersive Media Players.

    Find out how the Igloo software can take any content from any source in any format and put it into a shared immersive space.

    Understand more about the applications for Igloo immersive technology, including collaboration, simulation, visualisation, and experiences.

    Check out our collection of case studies and our videos for inspiration.
  2. Learn how you can partner with us
    We’re always on the lookout for content creators who live and breathe the immersive medium - and so our are clients. So, we’d love to hear from you!

    If you’re a systems integrator with a client looking to create an immersive installation, find out how our Immersive Media Player can help you. We can help advise on all the quirks as well as the characteristics of immersive installations.

    See how you can integrate your software with the flexible, content-agnostic Igloo platform, and offer your clients a way to experience your tools in a shared immersive space.
  3. Contact us and book a demo
    Ready to experience the power of Igloo technology?

    Just get in touch! We can even offer you a virtual demo.
  4. Stay up to date with everything Igloo
    Sign up to our newsletter.

    And follow us on LinkedIn, Twitter, Facebook, or Instagram.


Back

Related Articles

Categories: Shared VR, News

How you can get more people to treat BIM as BAU

How you can get more people to treat BIM as BAU

18th September 2019

It isn’t quite happening, is it?Yes, there’s plenty of enthusiasm for Building Information Modeling (BIM). But, among too many architecture…

Read more...

The projection market hots-up – which is great news for Igloo clients

The projection market hots-up – which is great news for Igloo clients

26th June 2019

At Igloo, we’ve been working with immersive projections for more than a decade. And, as you’d expect, our technology team has an encyclopaedic…

Read more...

Making training more effective with Shared VR - with a big boost to employee retention

Making training more effective with Shared VR - with a big boost to employee retention

13th May 2019

When it comes to training with Shared VR, Lanes Group plc is a global pace-setter.The firm was one of the first to see the potential of the technology…

Read more...