nDreams receives £2m in investment

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Virtual reality firm nDreams has secured a 2m investment round and has invested in senior hires.

The company has received 2m from tech-centric investment outlet, Mercia Technologies. These funds are to be put to further
expansion.

This follows the company receiving 1.75 at the start of 2015.

nDreams has also made a number of senior hires to its team. VP of development Tom Gillo joins from PlayStation's London Studio where he has helped made PlayStation VR titles. Rocksteady-vet Jamie Whitworth joins as lead designer having worked on the studio's Batman: Arkham games.

Meanwhile, Richard Fabian has been hired as code department manager. Fabian previously held roles at the likes of Frontier Developments and Rockstar.

And finally, nDreams has brought Matt Simmonds on-board as senior audio designer. He has worked for 25 years in the industry and has worked on everything from Micro Machines to Silent Hill: Shattered Memories.

nDream's VR title The Assembly is set to be a launch title for Oculus, PlayStation VR and HTV Vive when they are released next year.

I'm delighted to be strengthening our relationship with Mercia Technologies,” nDreams founder and CEO Patrick O'Luanaigh said.

This additional investment allows us to extend our capabilities as a publisher and accelerate our efforts as we head into 2016 – the big ‘Year One' for VR. With these new hires, we've raised the bar in terms of our studio's skillset, knowledge base and quality of our future output. With our new staff on board, we're very much looking forward to releasing ‘The Assembly' on PC and PS4 in 2016.”

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