The VR Studio nDreams has received a huge cash injection of $35 million from a wealthy benefactor in the hopes they can use this money to begin to expand their studio and hopefully start to release more ambitious projects that will soon start to get churned out. We all know how expensive it is to develop VR games, and to make them unique and engaging is another question, so a big financial boost like this could go a long way.
Who are the investors that aim to assist nDreams?
The investment comes from Aonic Group, a company that deals in game-related technology who are based in Sweden. It seems to be a big year for the company to start making waves in the game industry, and it was only earlier in the year that they invested $100 million into a mobile gaming and ad company.
nDreams CEO and co-founder Patrick O’Luanaigh spoke about the investment in a recent interview, “This investment is a pivotal moment for nDreams, and I’m delighted to have the strong support of Aonic, a company who share the same vision of ambition that we here at nDreams also have.” He went on to say that “As VR continues to take the world by storm and become a truly mass-market technology, this is just the type of injection we need to fully achieve everything that we set out to do and to also take advantage of as many opportunities that continue to come our way.” The buzz of excitement really is ringing around the VR studio, and why wouldn’t it?
The investment is great news, but the money isn’t just being spent on the development of games because nDreams also aims to strengthen its publishing operations and support its own Academy initiative, a scheme that hopes to provide a talent pipeline for years to come. nDreams currently have several projects in development, including some next-gen titles for highly anticipated PSVR 2 headsets. So, stay tuned for those.