Mercia Technologies PLC has made a follow-on investment of £1.0million into nDreams, one of the UK’s largest independent developer and publisher solely focused on virtual reality (VR) gaming and experiences content.
Mercia’s investment is part of a £2.0million funding round alongside a group of angel investors. The pricing of this funding round endorses Mercia’s recent Half Year Results fair value assessment of its holding in nDreams. Since IPO, Mercia has invested £5.1million in nDreams and the Group now holds 41.0% of nDream’s total issued share capital.
To read the full RNS announcement, click here.