What nDreams does

nDreams is a UK-based virtual reality game developer and publisher headquartered in Farnborough, operating since 2014. The company specializes in VR-native immersive game design rather than porting flatscreen titles, with a catalog spanning action shooters (Fracked, Vendetta Forever, Synapse), simulation (Little Cities, PowerWash Simulator VR), platforming (Reach, Wreckin' Raccoon), social multiplayer (Frenzies), and licensed IP adaptations (Ghostbusters: Rise of the Ghost Lord, Far Cry VR: Dive into Insanity). The company operates through internal studios (Elevation retained after the March 2026 restructuring, with Near Light and Compass studios closed) and a publishing operation distributed across Meta Quest Store, PlayStation Store, Steam/PC VR, and emerging mobile XR platforms including Samsung Galaxy XR and XREAL's spatial computing platform.

The business model is predominantly B2C, generating revenue through one-time game purchases priced at $9.99-$59.99 per title, supplemented by in-app purchases such as Frenzies' Bullion and FUNDZ cosmetic currencies. Distribution is exclusively through third-party platform marketplaces, creating dependency on Meta, Sony, Valve, and emerging XR storefront policies. Notable commercial milestones include Phantom: Covert Ops reaching $1M revenue in its first month. nDreams also operates the nDreams Academy talent pipeline initiative to develop VR-specialist developers.

In November 2023, Sweden-based Aonic Group acquired nDreams for $110 million, integrating the studio into a diversified gaming group alongside Megabit Publishing and other Aonic studios. In March 2026, citing challenging commercial conditions in the VR games market, the company closed two of its three internal studios and reduced headcount from 191 to approximately 120 retained employees, while continuing to ship new titles including Reach, Oh My Galaxy!, and Wreckin' Raccoon. The company was recognized as Best Developer at the UKIE Video Game Awards 2026.

Name

nDreams

Legal name

nDreams Limited

Website

https://ndreams.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

nDreams is a UK-based VR-native game developer and publisher, founded in 2014, that creates immersive virtual reality titles across Meta Quest, PlayStation VR2, PC VR, and emerging mobile XR platforms. It serves VR headset-owning consumers through platform storefronts and operates under Sweden-based Aonic Group following a 2023 acquisition.

Ownership category

akta.pro rank

Product category

Virtual Reality Games

NAICS

Software Publishers (5132), Software Publishers (51321)

SIC

Retail-Computer & Computer Software Stores (5734)

akta.pro primary industry

VR/AR/XR Game Studios (MPAFAAAE)

akta.pro secondary industry

VR/AR Gaming Platforms (BPAMAKAG)

Keywords

• Virtual reality games
• VR game development
• VR game publishing
• Immersive gaming experiences
• Spatial computing games

Headquarters

HQ city

Farnborough

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Game Sales: nDreams generates revenue through direct game sales of VR titles across multiple platforms including Meta Quest, PlayStation VR2, and PC VR. Notable titles include Phantom: Covert Ops which achieved $1M revenue in its first month.
2. VR Game Publishing: Through its publishing arm, nDreams publishes games from both internal studios (Elevation, Near Light, Compass) and external partner studios, generating revenue from published titles.
3. In-App Purchases: Games like Frenzies feature in-game currencies (Bullion, FUNDZ) and cosmetic purchases, generating additional revenue through microtransactions within VR games.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

nDreams is a UK-based publisher and developer of virtual reality games, creating immersive VR titles across action, social multiplayer, simulation, and licensed IP genres. The company develops proprietary VR games through internal studios (Elevation, Compass) and acquired studios (Near Light), and also publishes third-party titles through its Megabit Publishing arm. Titles are distributed across Meta Quest, PlayStation VR2, PC VR (Steam), and emerging spatial computing platforms such as Samsung Galaxy XR and XREAL.

Product overview

nDreams is a VR game developer and publisher based in Farnborough, UK, operating a portfolio of proprietary VR titles and a publishing operation. The company develops games through internal studios (Studio Elevation, Compass Studio) and acquired studios (Near Light), while also publishing third-party titles through its Megabit Publishing division. Key proprietary titles include Reach, Wreckin' Raccoon, Frenzies, Oh My Galaxy!, Synapse, Ghostbusters: Rise of the Ghost Lord, Fracked, PowerWash Simulator VR, and others across Meta Quest, PlayStation VR2, PC VR, and mobile XR platforms. The company also supports talent development through its nDreams Academy initiative.

Differentiator

Problem solved

Functional benefit

Brands

• Elevation: Internal development studio at nDreams focused on unannounced VR projects. Retained following March 2026 restructuring with approximately 120 staff.
• Near Light
• Compass

Products and services

• Reach VR action-platformer featuring immersive movement mechanics and strong VR fundamentals, released for Meta Quest, PC VR, and PlayStation VR2.
• Wreckin' Raccoon Chaos-filled VR game where players play as a raccoon wreaking havoc and stealing snacks. Full release January 2026.
• Frenzies Multiplayer VR arena shooter featuring character customization, with in-game currencies Bullion and FUNDZ, and cosmetic microtransactions. Developed by the Near Light studio.
• Oh My Galaxy! Physics-based VR game where players fling zany asteroids across their home environment. Launched December 2025 for the Android XR / Samsung Galaxy XR platform.
• Vendetta Forever Cult action VR game set in a fictional paradise environment.
• Fracked Fast-paced VR shooter featuring movement mechanics, currently available on VR platforms.
• PowerWash Simulator VR VR adaptation of the relaxing power-washing simulation game.
• Ghostbusters: Rise of the Ghost Lord Ghost-hunting VR game based in the Ghostbusters universe.
• Synapse Psychic warfare VR shooter featuring telekinetic combat mechanics.
• Little Cities Cozy city-building VR game where players create their own miniature cities.
• Phantom: Covert Ops Stealth VR game where players command a phantom kayak in covert military operations. Notable for achieving $1 million revenue in its first month.
• Far Cry VR: Dive into Insanity Immersive VR adaptation of the Far Cry franchise.
• Shooty Fruity VR shooter where players defend a fruit stand with various weapons. Near Light contributed to development.
• Grit & Valor - 1949 WW2-themed VR game where players become the Commander in a steampunk alternate history setting.

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• XREALcoreStrategic or Co-development PartnernDreams is an ecosystem partner for XREAL AURA launch, one of several game developers (alongside Amazon MGM Studios, Modiphius Entertainment, Resolution Games) supporting the Android XR-powered spatial computing platform at launch.
• Near LightcoreStrategic or Co-development PartnerBrighton-based VR/AR studio acquired by nDreams in December 2022 as its first external studio acquisition. Near Light developed titles including Shooty Fruity and Perfect, and was working on unannounced VR projects and Frenzies before the March 2026 studio closure announcement.
• Compass StudiominorStrategic or Co-development PartnerInternal studio created by nDreams in 2024 targeting VR natives demographic. Part of company's restructuring announced March 2026, with studio scheduled for closure.
• Megabit PublishingcoreStrategic or Co-development PartnerConsole, PC, and VR publishing arm of Aonic Group that includes nDreams among its studio portfolio (Tiny Roar, BKOM, Milky Tea, Warren Spector's Otherside Entertainment). nDreams positions the Product Marketing Manager role specifically for Megabit Publishing operations.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ndreamsvr
• YouTubeyoutube.com/channel/UCI5twGy4kDS1xf141wZP5jg
• Facebookfacebook.com/ndreamers
• Instagraminstagram.com/ndreams_vr/?hl=en
• LinkedInlinkedin.com/company/ndreams

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about nDreams