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VR developer NDreams raises £2 million in investment as part of two-stage investment round

Mercia Technologies continues to invest
VR developer NDreams raises £2 million in investment as part of two-stage investment round
Date Type Companies Involved Size
Nov 16, 2016 investment Mercia Technologies nDreams $2.5m
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UK-based VR developer NDreams has raised £2 million in funding as part of a two-stage investment round.

The investment comes primarily from Mercia Technologies, which provided £1 million of the investment. The rest has been raised by a group of angel investors.

The developer did not provide any further details on when the second stage of its funding round would be completed.

Building on momentum

"We're delighted that Mercia are continuing to support our growth by taking part in this investment, which is the first of a two-stage round," said NDreams CEO Patrick O'Luanaigh.

"This investment allows us to continue building on the momentum we have achieved, and to develop VR games and experiences of the very highest quality."

Mercia Technologies has already invested heavily in NDreams. The firm has made million-dollar investments in the studio in both January 2015 and again in December 2015.