Frontgrid secures £100k investment | attractionsmanagement.com products
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs . News . Features . Video . Products . Magazine . Handbook . Advertise . Contact us  
PRODUCT NEWS
Frontgrid secures £100k investment
04 Mar 2019 . BY Lauren Heath-Jones
L-R: Mike Calvert from Reward Finance Group, Matt Wells and David Wood from Frontgrid and Ian Adams from Bathgate Business Finance at the opening of the Paradrop VR attraction at iFly Basingstoke
Photo: Steve Smyth Photography
Immersive VR group Frontgrid, creator of the Paradrop VR attraction, has secured £100k funding from Reward Finance Group, a Manchester-based SME funder, that will aid the company's growth across the global attractions market.

Secured by finance specialists Bathgate Business Finance, the funding has already been used to create a single unit of the company's Paradrop VR attraction to exhibit at national and international trade shows, giving prospective buyers the opportunity to trial the experience.

In addition, the company has reported that growth has 'accelerated rapidly' following the investment, securing a number of orders in India, Malaysia, Dubai and Thailand.

Matt Wells, CEO at Frontgrid, said: There is a huge global shift towards the experience economy and active leisure. People are looking for unique, social and memorable experiences beyond just staring at a screen."

"However, more than 50 per cent of the world's population now live in cities and don't have easy access to the adventurous, adrenaline fuelled experiences that we are so passionate about. ParadropVR brings that opportunity directly to those people," Wells added.

MIke Calvert from Reward Finance Group said: "We had no hesitation in backing Frontgrid. We quickly saw the potential in both the business idea and the passion the founders showed. Supporting a new startup company is always rewarding and the fact that it produces a virtual reality ride makes it even more exciting."
PRODUCT NEWS
Polin creates new water play structure at Tropical Islands waterpark
Renowned water ride manufacturer Polin has designed and installed a new water play structure at The Tropical Islands indoor waterpark resort in Brandenburg, Germany.
Red Raion to premier Peter Pan - Saving Tinkerbell at DEAL 2019
VR movie production company Red Raion is thrilled to announce that it will be exhibiting at the Dubai Entertainment Amusement and Leisure show 2019.
Larose named as COO at Triotech
Sylvain Larose has been named as Triotech's new chief operating officer (COO).
Why a good parking experience adds to the attraction
The number of cars on our roads rises every year and as a result, the case for managing parking gets ever stronger.
+ More products  
LATEST JOBS
Human Resource Manager
Eureka
Salary: Circa £32,000 per annum
Job location: Halifax, UK
Assistant Director Visitor and Site Operations
Eureka
Salary: Circa £42,000 per annum
Job location: Halifax, UK
Retail Manager
The Silverstone Experience
Salary: c £27,500 pa
Job location: Silverstone, Towcester, UK
Attraction Manager - Conwy
Welsh Water
Salary: £39,966 - £46,960
Job location: Conwy, UK
Attraction Manager - Powys
Welsh Water
Salary: £39,966 - £46,960
Job location: Rhayader, UK
Attraction Manager - Pontypool
Welsh Water
Salary: £39,966 - £46,960
Job location: Pontypool, UK
+ More jobs  

COMPANY PROFILE
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
+ More profiles  
VIDEO GALLERY

Red Raion - VR/5D Films Showreel 2016
Red Raion is the first made-in-Italy VR/5D movie production company, for your most advanced theaters and simulators. Enjoy some samples from their movies produced in 2016! Find out more...
More videos:
ParadropVR by Frontgrid – Frontgrid
Red Raion: Meet the Team - Introduction – Red Raion
Experience the experience – Polin Waterparks & Pool Systems
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
ATTRACTIONS DIRECTORY
+ More directory  
ATTRACTIONS DIARY

25-27 Mar 2019

Dubai Entertainment Amusement and Leisure Exhibition (DEAL)

Dubai World Trade Centre, Dubai, United Arab Emirates
01 Apr 2019

English Tourism Week Conference 2019

128 Piccadilly, London, United Kingdom
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2018 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

06 Mar 2019 issue 125


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019
Jobs . News . Products . Magazine
PRODUCT NEWS
Frontgrid secures £100k investment
04 Mar 2019 . BY Lauren Heath-Jones
L-R: Mike Calvert from Reward Finance Group, Matt Wells and David Wood from Frontgrid and Ian Adams from Bathgate Business Finance at the opening of the Paradrop VR attraction at iFly Basingstoke
Photo: Steve Smyth Photography
Immersive VR group Frontgrid, creator of the Paradrop VR attraction, has secured £100k funding from Reward Finance Group, a Manchester-based SME funder, that will aid the company's growth across the global attractions market.

Secured by finance specialists Bathgate Business Finance, the funding has already been used to create a single unit of the company's Paradrop VR attraction to exhibit at national and international trade shows, giving prospective buyers the opportunity to trial the experience.

In addition, the company has reported that growth has 'accelerated rapidly' following the investment, securing a number of orders in India, Malaysia, Dubai and Thailand.

Matt Wells, CEO at Frontgrid, said: There is a huge global shift towards the experience economy and active leisure. People are looking for unique, social and memorable experiences beyond just staring at a screen."

"However, more than 50 per cent of the world's population now live in cities and don't have easy access to the adventurous, adrenaline fuelled experiences that we are so passionate about. ParadropVR brings that opportunity directly to those people," Wells added.

MIke Calvert from Reward Finance Group said: "We had no hesitation in backing Frontgrid. We quickly saw the potential in both the business idea and the passion the founders showed. Supporting a new startup company is always rewarding and the fact that it produces a virtual reality ride makes it even more exciting."
PRODUCT NEWS
Polin creates new water play structure at Tropical Islands waterpark
Renowned water ride manufacturer Polin has designed and installed a new water play structure at The Tropical Islands indoor waterpark resort in Brandenburg, Germany.
Red Raion to premier Peter Pan - Saving Tinkerbell at DEAL 2019
VR movie production company Red Raion is thrilled to announce that it will be exhibiting at the Dubai Entertainment Amusement and Leisure show 2019.
Larose named as COO at Triotech
Sylvain Larose has been named as Triotech's new chief operating officer (COO).
Why a good parking experience adds to the attraction
The number of cars on our roads rises every year and as a result, the case for managing parking gets ever stronger.
+ More products  
LATEST JOBS
Human Resource Manager
Eureka
Salary: Circa £32,000 per annum
Job location: Halifax, UK
Assistant Director Visitor and Site Operations
Eureka
Salary: Circa £42,000 per annum
Job location: Halifax, UK
Retail Manager
The Silverstone Experience
Salary: c £27,500 pa
Job location: Silverstone, Towcester, UK
Attraction Manager - Conwy
Welsh Water
Salary: £39,966 - £46,960
Job location: Conwy, UK
Attraction Manager - Powys
Welsh Water
Salary: £39,966 - £46,960
Job location: Rhayader, UK
Attraction Manager - Pontypool
Welsh Water
Salary: £39,966 - £46,960
Job location: Pontypool, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS