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nDreams Raises £2.7m Investment

Date Type Companies involved Size
July 13th, 2017 investment nDreams $3.5m
nDreams Raises £2.7m Investment

Hampshire studio nDreams has completed a £2 million follow-on investment with Mercia Technologies, and an additional £700,000 from private investors.

The company is targeting rapid growth over the next year as the VR market continues to expand, with five VR titles we in production, including Bloody Zombies.

 

Hired And Hiring

nDreams has also appointed two senior positions. Paul Fitzsimons, a former partner at Apax Partners, a leading Private Equity group, joins as Chairman. Rob Precious, the former Director of Business Development at Geomerics/ARM, has also joined the Board as Non-Executive Director.

The company also plans to strengthen its senior team by hiring a CFO and a COO in the coming months.

 

Arcade On Fire

These investments and hires come at the same time as a major deal to bring exclusive new content to a leading VR arcade company. This move into the virtual reality arcade space follows a successful 12 months for the company, with content released on PC, console and mobile VR platforms. This partnership is just one of a number of recent deals with key third-party companies, with more announcements to follow in the coming months.

 

The Forefront Of VR

Patrick O’Luanaigh, CEO and Founder of nDreams, said, “Mercia’s continued support, and the backing of private investors, bolsters our relentless ambition to remain at the forefront of VR. The company has expanded rapidly over the past 12 months leading to outstanding opportunities, including our move into VR Arcades and our continued focus on creating innovative VR content for home headsets.”


Editor

Steve has been a games journalist on and off since the first PlayStation made games ‘cool’, but he’s never forgotten the thrill of finding a Space Invaders machine in the wild. Neuromancer is one of his favourite books and The Matrix is one of his favourite movies, so he’s been ready for VR all his life.

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