Virtual reality developer nDreams announced that it secured a $35 million investment from the newly formed Aonic Group.<\/p>\n\n\n\n
The move elevated Aonic\u2019s role in nDreams as a founding investor. In addition, Mercia Asset Management joined nDreams as a minority investor.<\/p>\n\n\n\n
nDreams said it aims to use the funds to develop more titles and expand its internal studios. Furthermore, the company also wants to expand its publishing operation and make additional funding available to its academy program, nDreams Academy.<\/p>\n\n\n\n
nDreams was created in 2014 and has published titles such as Phantom: Covert Ops, Fracked, and Far Cry: Dive Into Madness.<\/p>\n\n\n\n
\u201cThis is a pivotal moment for nDreams, and I\u2019m delighted to have the support of Aonic, who share the same ambitious vision for the company that we do,\u201d says Patrick O\u2019Luanaigh, co-founder and CEO of nDreams. \u201cAs 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.\u201d<\/p><\/blockquote>\n\n\n\n
\u201cThe nDreams team continues to impress with how far they are pushing VR,\u201d commented Paul Schempp of Aonic. \u201cSeeing their plans and visions for the future blew us away, and we are excited to join them on their incredible journey.\u201d<\/p>\n\n\n\n
\u201cAonic\u2019s investment is testament to the potential of VR and our long-term belief in nDreams,\u201d says Julian Viggars, CIO of Mercia Asset Management. \u201cWe are confident Patrick and the team will be able to maximize on the opportunities this investment presents, and we look forward to working alongside Aonic as an investor.\u201d<\/p>\n\n\n\n
nDreams is now working on its upcoming projects, including next-gen games for the highly anticipated PlayStation VR2.<\/p>\n\n\n\n
In other news, Ukraine-based developer Room 8 Studio<\/a> announced that it acquired art studio Massive Black to expand its global business operations.<\/p>\n\n\n\n