£1m for Highland ice climbing centre
Smith said the money would be used to franchise his business in the UK and abroad. He is already looking for a site in Inverness.
Ice Factor has brought on board serial entrepreneur Robert Murray as finance director and Neil Cunningham, of corporate hospitality group Matchpoint, as its chairman. Both are members of HVC.
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Hide AdSmith said: "We're absolutely delighted to have raised this much equity and partnership with HSBC, but the real bonus is the greatly enhanced calibre of the management team."
HVC has invested 2m in eight firms since 2006.