March 29 / 2022

nDreams Receives $35m Investment from the Aonic Group

We’re incredibly excited to announce a $35M investment from the newly set-up Aonic Group. The funds will be used to create more ambitious titles and to continue to grow our internal studios. We’ll also be expanding our publishing operation and providing further investment for our Academy initiative. Aonic has joined founding investor, Mercia Asset Management, as minority investors in nDreams.

“This is a pivotal moment for nDreams, and I’m delighted to have the support of Aonic, who share the same ambitious vision for the company that we do,” says Patrick O’Luanaigh, co-founder and CEO of nDreams. “As VR continues its trajectory towards becoming a truly mass-market technology, this is the rocket fuel needed to accelerate our rapid growth and take advantage of the many opportunities that continue to come our way.”

“The nDreams team continue to impress with how far they are pushing VR,” says Paul Schempp of Aonic. “Seeing their plans and visions for the future blew us away, and we are excited to join them on their incredible journey”.

“Aonic’s investment is testament to the potential of VR and our long-term belief in nDreams,” says Julian Viggars, CIO of Mercia Asset Management. “We are confident Patrick and the team will be able to maximise on the opportunities this investment presents and we look forward to working alongside Aonic as an investor.”

Despite our list of award-winning titles released over the past two years, including the likes of Phantom: Covert Ops, Fracked, and Far Cry: Dive Into Insanity, our strongest line-up is still ahead of us with exciting future projects already in development, including next-gen games for the much anticipated PlayStation VR2.

Our third-party publishing initiative was announced last year, and is designed to support, fund and publish VR games from indie developers. The first release, coming this Spring, will be cosy city creator, Little Cities, from Purple Yonder. We’ll have more third-party titles announcing soon!

Follow us on Twitter, Facebook, LinkedIn, YouTube, and Instagram for further updates! You can also join our community Discord server to connect with our team and our players from around the world!

Jimmy Bowers [Community Manager]

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