VR firm NDreams lands $35m investment

Date Type Companies involved Size
March 29th, 2022 investment nDreams $35m
VR firm NDreams lands $35m investment

Virtual reality firm NDreams has scored $35 million in investment from Aonic Group.

The cash will be used to expand its staff and how many games it can work on. Aonic joins Mercia Asset Management as a minority investor in the virtual reality firm.

"This investment 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," NDreams boss and co-founder Patrick O'Luanaigh (pictured) said.

"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."

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

NDreams was founded back in 2014 and is best known for the likes of Phantom: Covert Ops, Far Cry: Dive Into Insanity and Fracked.

Back in 2021, former Codemasters CEO Frank Sagnier joined NDreams' board as a non-executive chair

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