We are thrilled lately to announce that we’ve got finished a £2 million follow-on funding with^( , and an extra £700,000 from personal traders.
We are concentrated on speedy expansion over the following 12 months because the VR marketplace continues to make bigger, and that is mirrored within the five VR titles we have now in manufacturing. This contains Tom’s Information‘s “Best possible VR Sport” award at E3, in addition to being nominated for three additional awards. We even have unannounced titles within the works.^( , which gained
As well as, we are overjoyed to welcome Paul Fitzsimons, a former spouse at Apax Companions, a number one Non-public Fairness team, as our new Chairman. Rob Treasured, the previous Director of Industry Construction at Geomerics/ARM, has additionally joined our Board as Non-Govt Director. We are making plans on strengthening our senior crew by means of hiring a CFO and a COO within the coming months.
Those investments and hires come similtaneously us signing a big deal to convey unique new content material to a number one VR arcade corporate. This transfer into the digital fact arcade area follows a a success 12 months for us, with content material launched on PC, console and cell VR platforms. This partnership is simply one of quite a lot of contemporary offers with key third-party corporations. We will be able to’t wait to proportion additional information with you over the approaching months!
Patrick O’Luanaigh, CEO and Founding father of nDreams, mentioned:
“Mercia’s endured toughen, and the backing of personal traders, bolsters our relentless ambition to stay at the vanguard of VR. The corporate has expanded impulsively during the last 12 months resulting in exceptional alternatives, together with our transfer into VR Arcades and our endured focal point on developing leading edge VR content material for house headsets. We’re additionally thrilled to welcome Paul and Rob to the board, who convey a wealth of enjoy and perception to the crew.”
Mike Hayes, Funding Director at Mercia Applied sciences PLC, mentioned:
“nDreams continues to thrive inside the VR marketplace, a sector anticipated to be price in way over $30 billion by means of 2020. Its rising popularity as one of the United Kingdom’s main builders and publishers of VR content material demonstrates the numerous growth that the corporate has made this 12 months with lots of the primary manufacturers on this impulsively rising marketplace. We’re thrilled to proceed to again this industry-leading crew.”
We’re right here for you, nearly