UK VR firm expands plans for immersive workspaces with £2m investment

UK VR firm expands plans for immersive workspaces with £2m investment
A UK tech firm, specialising in shared immersive spaces, has secured a new £2 (€2.3m) million investment to support its global growth plans. Igloo Vision’s technology and software enables any digital content, including immersive virtual reality or 360° content, to be displayed in a shared space.

In the past, the company has operated by renting and selling its dome-like immersive ‘igloos’. Going forward, the emphasis is on converting existing meeting rooms into immersive workspaces, enabling digital imagery, documents, video and animations to be displayed seamlessly across all of the walls.

Following the Covid-19 pandemic, companies are looking for new collaboration spaces, which enable on-site teams to review data and documents from many different sources, and also to engage with colleagues based around the world. In the past few months, Igloo’s immersive workspace technology has been installed by companies such as Nike, Deloitte, Microsoft, FedEx, Diageo, and more.

It has also been installed in more than 40 universities around the world, often to help deliver virtual lectures to remotely located students. 

The £2 million funding round was led by a debt investment from Frontier Development Capital (FDC). This follows approx £1m of equity raised last year from Ingenious and others.

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