Shropshire immersive tech firm secures £787,000 investment

Shropshire-based immersive software and technology company, Igloo Vision, has secured £787,000 in equity investment under the UK Government’s Enterprise Investment Scheme (EIS).

Igloo Vision, immersive workspace
Igloo Vision, immersive workspace

The firm, which develops technology and software that can take any digital content and put it into a shared immersive space, will use the funding to continue the build-out of Igloo’s software suite and accelerate production of its recently-launched Igloo Immersive Media Player.

Igloo’s technology, which enables groups to get inside spaces and engage with content, is well-suited to training, simulation, visualisation, and education, as well as events and experiences. Clients include Accenture, Microsoft, WarnerMedia, NTT, and AECOM, many of which are using the technology to adapt to the COVID-19 pandemic.

The funding was secured through London-based Ingenious Group, a leading investor specialising in the media, infrastructure, real estate and education sectors. Ingenious’s recent investments span cloud-based digital platform design pioneers, an ed-tech start-up and an energy company facilitating the transition to a low-carbon future.

This is Igloo’s second investment secured since the onset of the COVID-19 pandemic. In April, it secured £435,000 from a range of EIS investors and since then, the valuation of the company has seen an annualised 12% increase.

Dennis Wright, CEO of Igloo Vision, 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.

“The new funds, like the previous investment round, help us to fast-track our global growth, and, as we are eligible for further EIS investment until March 31st 2021, we are open to hearing from other potential EIS investors who want to be part of the Igloo success story.”

Earlier this year, Igloo launched its Igloo Immersive Media Player, designed to bring immersive technology easily into the reach of companies globally, with a user-friendly, plug-and-play solution. This offers any organisation the ability to retrofit any meeting room into an immersive workspace. Early buyers include global management consultancy heavyweights, one of the world’s largest logistics firms, and major North American utilities players.

The Igloo Immersive Media Player is available to companies worldwide through integrators, including through a partnership with AVI-SPL, the world’s largest audio visual integrator.

The investment from Ingenious Group will not only further the production of the Igloo Immersive Media Player but also enable the continued development of Igloo’s already broad software suite. Importantly, Igloo software has also been integrated with video-conferencing platforms, like Zoom and Microsoft Teams. This immersive video-conferencing solution has been used by Igloo clients in the enterprise and education sectors adapting to the pandemic, for example by allowing on-site teams to connect with working-from-home colleagues, and by enabling teachers to deliver lectures to remotely-based students.

“What makes me happiest of all about the announcement is the symbolic value to the Igloo team.” added Wright.

“Our people have worked incredibly hard to keep the company on track through the COVID-19 crisis, and this latest investment stands out as another strong vote of confidence.”

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.”

Shropshire Business News sponsored by...
Shropshire Live Business
The latest Shropshire business news from the Shropshire Live team. Send us your business news to Interested in advertising with us from just £50 per week? Call Fiona on 01743 816 817 or email
Advertise with us for £50 per week

Advertisement Feature

Simply Ribbons is not what you would expect in more ways than one!

Catering for individuals, small businesses and multinationals Simply Ribbons offer high-quality ribbons from UK and European manufacturers.
Telford College - Employer incentives 1

Telford College offers cash incentives to local employers

Telford College is offering Government-funded cash incentives to Shropshire employers, to give young people a helping hand with their careers.
- Advertising -
Advertise with Shropshire Live for £50 per week

Coronavirus: Tier 2 High alert restrictions for Shropshire and Telford & Wrekin

The county has been placed into Tier 2: High alert in the latest announcement from the Government when the lockdown is lifted.

Homes damaged following explosion at property in Cressage

Emergency services were called to an explosion at a property in Cressage this morning involving an LPG gas cylinder.
Charlton School attack - video still

Video showing attack on Telford schoolboy being treated as hate crime

A video circulating on social media showing a Sikh schoolboy being attacked by two other boys is being treated as a hate crime.

Shrewsbury Town are set to play them, so who are Oxford City?

As Shrewsbury Town prepare to face Oxford City for the first time in their history, we profile the visitors to the Montgomery Waters Meadow.
Cricketers at Ellesmere College

Cricketing royalty bowled over by college achievements

Ellesmere College has retained its place in the Top 100 Senior Schools for cricket in the UK - for the fourth year running!

Shrewsbury Town sack Sam Ricketts

Shrewsbury Town Football Club Manager Sam Ricketts and Assistant Manager Dean Whitehead have left the club.
- Advertising -

Shropshire Business Live TV returns for its latest show

Shropshire Business Live TV, a collaboration between three local media organisations, returns today at 12.30pm with a brand new live show.
Shropshire Chamber of Commerce Chief executive Richard Sheehan

Shropshire Chamber of Commerce responds to Chancellor’s statement

Shropshire Chamber of Commerce has welcomed many of the measures announced to support the ‘economic emergency’ facing the county over the coming months.
Joey and Julie Duhra of Jules Convenience

Family-run Telford business wins award for COVID response

A family-run Telford convenience store has been recognised for its role in spreading kindness and community spirit during the COVID-19 pandemic.
Dance School of the Year awards 2020 - Elite Dance Studios in Shrewsbury

Shrewsbury dance school wins top awards

Elite dance studios have been celebrating after winning gold in the dance school of the year 2020 awards and for being this year’s Championing Positive Change winner.
Melanie Davies from Ellesmere will appear on Kirstie’s Handmade Christmas

Ellesmere knitter to appear on Kirstie’s Handmade Christmas

Christmas began in October for Melanie Davies from Ellesmere as she was chosen to appear on Kirstie’s Handmade Christmas to create a festive jumper as part of one of the competition episodes.
Sandra Speck, a long-time supporter of Midlands Air Ambulance Charity

Heel digs help lifesaving helicopter missions

Shropshire-based line-dancing teacher, Sandra Speck, has raised enough money to fund 85 Midlands Air Ambulance Charity lifesaving missions.
- Advertising -
Ludlow’s annual Medieval Christmas Fayre - Knight

Stage is set to enjoy online 2020 Ludlow Medieval Christmas Fayre

Final preparations are being made before the annual Ludlow Medieval Christmas Fayre gets under way online this weekend.
Fundraiser Nic Sciarillo from Hope House in Oswestry

A great Christmas night out bought indoors by Hope House Children’s Hospices

While the traditional Christmas night out is probably off the table this year, Hope House Children’s Hospices will be bringing the big night out, in this December.
Keith Lemon and Richard Blackwood at Blists Hill - Image ITV

Keith Lemon and Richard Blackwood get into the swing of things at Blists Hill

Blists Hill Victorian Town has been visited by television celebrities Keith Lemon and Richard Blackwood to film ITV show Shopping with Keith Lemon.
Karen Lee of The Walnut

Wellington’s Walnut restaurant is on the move

An award-winning Wellington restaurant has announced exciting plans to move premises and diversify its offer.
quuens fish and chips frontage

New fish and chip shop opens in Shrewsbury

Shrewsbury has a sparkling new takeaway - Queens Fish & Chips is now open serving a delicious range of hot food.
The Vegan Hub Shrewsbury

Shrewsbury Vegan Hub goes online

Despite the latest lockdown one of Shrewsbury's newest Vegan outlets is continuing to trade with orders now being taken online.
- Advertisment -

Advertisement Feature


3.5 ° C
4.4 °
2.8 °
100 %
90 %
6 °
9 °
9 °
8 °
9 °
- Advertisment -
- Advertisment -

Latest Articles

- Advertisment -