Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

Limejump closes £3m Series A to disrupt the energy utility market

News

Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market

Tech City Voices

Tribunal fees ruled unlawful: How will this impact gig economy firms?

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

Hampshire-based games developer nDreams lands £2m in funding

virtual-reality-jpg
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Hampshire-based games developer nDreams has received £2m in funding from backers including Mercia Technologies and a group of business angels.

nDreams, which focuses on VR-powered gaming experiences, has raised £5.1m from Mercia Technologies to date.

The company will use the funding to penetrate the VR market, which some estimates say will be worth $30bn in the next four years.

£195.6m in UK tech funding, the Taylor Review, WeWork’s huge Series G and more in The Week in Tech

Patrick O’Luanaigh, CEO and founder of nDreams, said in a statement: “We are delighted that Mercia is continuing to support our growth by taking part in this syndicated investment, which is the first of a two-stage round.

“I am proud of the team of over 40 staff that we have assembled here at nDreams and this investment allows us to continue building on the momentum we have achieved, developing VR games and experiences of the very highest quality.”

Mike Hayes, Mercia’ investment director,commented on his reason to invest in the firm:

“We are delighted to continue our support of nDreams as part of this new funding round. nDreams has made considerable progress this year, as reflected by the recent £3.0million uplift in the value of our holding. This syndicated round is further testament to nDreams’ growing status as a leading VR content developer and publisher.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Limejump

Limejump closes £3m Series A to disrupt the energy utility market
posted 8 hours ago

startup empty office

Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market
posted 10 hours ago

supreme court

Tribunal fees ruled unlawful: How will this impact gig economy firms?
posted 11 hours ago

urban massage

VIDEO: Urban Massage’s founder on the challenges and joys of growing a tech startup
posted 14 hours ago

London FinTech

UK ‘ranks third for global FinTech VC funding as firms raise $564m in H1 2017’
posted 15 hours ago

Cleo

FinTech startup Cleo gets £2m in round led by LocalGlobe
posted 17 hours ago