GingrTech secures significant investment from Spence & Co.
EDINBURGH, 15th September 2021 – GingrTech, serious games specialist and developer of the business simulation game ROCKET, is delighted to announce a significant investment from Spence & Co. The recent funding will go towards the company’s growth and the development of other breakthrough business simulation platforms, one of which is to be announced in the coming weeks.
GingrTech business simulation technology is a critical element of organizational transformation in an ever fast-paced complex and distributed workplace. The business structure required by organizations to compete effectively in a post-COVID-19 global environment drives the need for simulation training tools to help people learn new ways of working to be more successful. There is a rapidly growing market for their cutting-edge technology that has a proven track record in driving transformation across multiple organizational challenges, industries, geographies, and cultures.
Tim Dew, founder and Chief Executive Officer of GingrTech, said: “Not only are we delighted that Spence & Co. is onboard from a financial investment view, but we also get its founder’s vast knowledge and experience from his very successful career. This is already proving to be hugely valuable to us, and it is getting us to look deeply at our approach to market, expansion into the USA, and our governance as we scale our business”.
“I am confident that GingrTech will emerge as one of the long-term business simulation technology sector leaders”, said Stuart Spence, Founder and Managing Partner at Spence & Co. “I look forward to supporting Tim’s vision and the team at GingrTech as we bring their technology to a global stage”.
The recent investment was facilitated by Frejz/invest. Its founder and principal consultant, Finlay Kerr, worked with GingrTech to match the brand with investors. “We could not have done this without Finlay Kerr”, said Tim Dew. “It was so refreshing working with him. Finlay’s approach is low on hyperbole and off-the-scale delivering value. It is also exciting to be meeting investors that are outside the well-trodden traditional Scottish investment marketplace”, he added.
This funding announcement demonstrates the exceptional future GingrTech has ahead, as it comes only two months after the company secured funding from the games industry legends Philip and Andrew Oliver, AKA ‘The Oliver Twins’.
GingrTech’s highly adaptive platform ROCKET is successfully continuing to drive transformational change across its clients and delivery partners. Additionally, the game was the winner of the prestigious ‘Digital Game of the Year’ Award at the 2019 International Business Learning Games Competition.
Formerly known as Games Without Frontiers, GingrTech is a business simulation technology company and a leading serious games provider based in Edinburgh, Scotland. GingrTech designs and develops breakthrough business simulation platforms and helps organizations drive transformational change and unleash human potential within organizations. The company’s immersive gaming platforms use advanced game technology and behavioral dynamics to improve productivity, create team-bonding exercises and equip organizations with valuable skills, all leading to the growth and success of a business. ROCKET, the company’s first business simulation game, was the winner of the prestigious ‘Digital Game of the Year’ Award at the 2019 International Business Learning Games Competition. The brand is to launch another exciting business simulation game soon.
About Spence & Co.
Spence & Co. is the Management Consulting arm of The Spence Family Office and manages the financial investments of the Spence family. Spence & Co. also oversees the philanthropic activities of the Spence family. Based in Houston, Texas, the company was founded by Stuart Spence, originally from the Scottish Borders. Spence & Co. was advised by Charles Wood & Son Limited, Solicitors, Kirkcaldy, and EQ Chartered Accountants, Glenrothes.
Frejz/invest provides an entrepreneur-investor matching service and investor readiness coaching. Its simple, proprietary model helps to develop unique brand strategies and connect with audiences, customers, and investors.