Transaction : Growth Capital
Igloo Vision, a UK specialist in shared VR experiences and 360° immersive spaces received two investments from FDC to support their expansion plans.
Since opening in 2007, Igloo has delivered more than 500 events and installations in 22 countries and now has offices in Shropshire, London, New York, Los Angeles, Toronto and Melbourne.
Dennis Wright, CEO at Igloo Vision, commented on the deal:
“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.”