Aonic Secures €152m

Aonic Secures €152m

Investments

23 December 2024 21:07

Aonic, a video game studio collective, announced today that it has secured €152 million (approximately $160 million) in investment from Metric Capital Partners and Active Ownership. The company plans to use these funds to fuel its growth, pursue mergers and acquisitions, and support its ongoing development projects starting next year.

Under the terms of the deal, Metric Capital Partners will contribute €100 million (around $105 million), while Active Ownership, one of Aonic’s major shareholders, will provide the remaining €52 million (about $55 million) by converting its shareholder loan into equity.

Founded in 2021, Aonic has rapidly expanded its portfolio by adding several studios, including Otherside Entertainment, Megabit, Gravite, Exmox, and nDreams. Most recently, Megabit and Otherside unveiled their upcoming game Thick as Thieves during The Game Awards 2024. Aonic has reported a 73% year-over-year increase in overall revenue.

The company positions itself as a "diversified video gaming group," with a structure that includes game tech providers, work-for-hire studios, and service agencies. This infrastructure enables cross-team collaboration, knowledge sharing, and access to Aonic's resources, allowing each studio to benefit from its expansive support network.

Tags: Aonic

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Aonic Secures €152m

Investments

23 December 2024 21:07

Tags: Aonic

Aonic, a video game studio collective, announced today that it has secured €152 million (approximately $160 million) in investment from Metric Capital Partners and Active Ownership. The company plans to use these funds to fuel its growth, pursue mergers and acquisitions, and support its ongoing development projects starting next year.

Under the terms of the deal, Metric Capital Partners will contribute €100 million (around $105 million), while Active Ownership, one of Aonic’s major shareholders, will provide the remaining €52 million (about $55 million) by converting its shareholder loan into equity.

Founded in 2021, Aonic has rapidly expanded its portfolio by adding several studios, including Otherside Entertainment, Megabit, Gravite, Exmox, and nDreams. Most recently, Megabit and Otherside unveiled their upcoming game Thick as Thieves during The Game Awards 2024. Aonic has reported a 73% year-over-year increase in overall revenue.

The company positions itself as a "diversified video gaming group," with a structure that includes game tech providers, work-for-hire studios, and service agencies. This infrastructure enables cross-team collaboration, knowledge sharing, and access to Aonic's resources, allowing each studio to benefit from its expansive support network.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

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Aonic Group has successfully concluded its acquisition of nDreams VR game developer and publisher, in a transaction valued at approximately...

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Nov 20, 2023

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