UK-based virtual reality (VR) videogame specialist nDreams has created titles such as The Assembly for Oculus Rift, HTC Vive and PlayStation VR, and Danger Goat for Daydream View. Today the studio revealed its secured £2 million GBP (£2.5million USD) in investment to help continue its work in VR.
The funding comes from the first of a two-stage round, with Mercia Technologies the technology-focused investment business who has invested £4.1 million into nDreams previously, funding £1.0 million of the latest round. The rest of the investment comes from a group of angel investors.
“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 Patrick O’ Luanaigh, nDreams’ CEO and Founder We’re also very pleased to welcome a number of private investors, all of whom have hugely successful business backgrounds and a wealth of knowledge and experience. I’m so proud of the team that we have assembled here at nDreams. 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.”
nDreams was one of the earliest adopters of VR, beginning to develop immersive experiences back in 2013. Its first forays into VR were launched on Samsung Gear VR, in the form of Perfect Beach and Gunner.
“The continued progress of nDreams is an example of Mercia’s success in investing and mentoring UK technology businesses. We congratulate the nDreams team and believe that the Company has an exceptionally exciting future ahead, operating at the forefront of the VR content development,” said Mike Hayes, Mercia’s Investment Director, Digital & Digital Entertainment.
Since the recent launch of Danger Goat the studio hasn’t yet revealed its next VR project, but when it does VRFocus will bring you all the latest details.