Aonic invests $35 million in VR developer nDreams

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The recently formed Aonic Group is investing a staggering $35 million in virtual reality game developer and publisher nDreams. The VR studio plans to use the money to create more ambitious titles. It will also channel some of the money toward expanding its publishing business and further investing in the nDreams Academy.

“This investment is a pivotal moment for nDreams and I am delighted to have the support of Aonic, who shares the same ambitious vision for the company as we do,” said Patrick O’Luanaigh, President of nDreams. “As VR continues its trajectory to become a true mass-market technology, it is the rocket fuel needed to accelerate our rapid growth and take advantage of the many opportunities that continue to come our way.”

The studio has been a big name in the development of VR games since 2014. It has released games like Fracked and Far Cry: Dive Into Insanity. The most famous game to date is probably Phantom: Covert Ops. That is the stealth action VR game that puts the player in a kayak to face the bad guys.

More recently, nDreams announced two new studios; nDreams Studio Orbital and nDreams Studio Elevation. The former will focus on live service games, while the latter will focus on AAA games and new IPs. It also has a third-party publishing initiative on the go, which aims to support, fund, and publish indie VR games.

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“The nDreams team continues to impress with how far they push VR,” said Aonic’s Paul Schempp.

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