News

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

Date Type Companies involved Size
November 16th, 2016 investment Mercia Technologies
nDreams
$2.5m
VR developer nDreams raises £2 million in investment as part of two-stage investment round

Farnborough, UK-based VR developer nDreams has raised £2 million in funding as part of a two-stage investment round.

Investment comes primarily from Mercia Technologies, which provided £1 million of the investment. The rest has been raised from 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.


Former Editor

Ric was formerly the Editor of Pocket Gamer and the Deputy Editor of PocketGamer.biz. He still pops up time to time to review games.

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