Aonic Group Receives $160 Million Investment to Support Its Growing List of Studios

Aonic, a collective of video game studios, announced today that it has reached an agreement to receive €152 million, or around $160 million, in investments from Metric Capital Partners and Active Ownership. The group plans to allocate the funds towards further growth, mergers and acquisitions and its ongoing developments starting next year.

Under the terms of the agreement, the investment firm Metric Capital Partners contributes 100 million euros (about 105 million dollars), while the remaining 52 million euros (about 55 million dollars) come from Active Ownership, which is one of the main shareholders of Aonic, converting its shareholder loan.

Aonic was formed in 2021 and has since added several studios to its roster, including Otherside Entertainment, Megabit, Gravite, Exmox, and nDreams. Most recently, its studios Megabit and Otherside revealed the in-development title Thick as Thieves at The Game Awards 2024. According to Aonic, its overall revenue increased 73% in the last year.

The company describes itself. as “a diversified gaming group… Aonic’s infrastructure consists of gaming technology providers, contract work studios and service agencies that provide real support. As a result, each studio will benefit from knowledge transfer between teams and will be able to leverage the resources of the Aonic support platform as desired.”