Virtual reality games studio nDreams has been boosted by a £20.1 million investment.

Swedish VC Aonic is investing in the Farnborough-headquartered firm behind VR titles Phantom: Covert Ops, Fracked and Far Cry VR: Dive Into Insanity.

The Stockholm-based investor claims to champion high-potential game studios by supporting them with the specialist technology and infrastructure needed to achieve their full potential, while enabling them to maintain their independent identity and creative freedom.

nDreams has a strong pipeline of future projects already in development, including games for the PlayStation VR2. It also recently expanded its development capabilities by announcing two new studios, nDreams Studio Orbital and nDreams Studio Elevation. 

In August 2021, nDreams appointed former Codemasters CEO, Frank Sagnier, as its non-executive chairman.

“This investment is a pivotal moment for nDreams, and I’m delighted to now have the combined support of Mercia and Aonic, who share the same ambitious vision that we do,” said Patrick O’Luanaigh, co-founder and CEO of nDreams. 

“This investment is the rocket fuel needed to accelerate our rapid growth, as VR continues its trajectory towards becoming a truly mass-market technology.”

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