Aonic announced a €152 million investment agreement on December 16, 2024: Metric Capital Partners was to contribute €100 million, while shareholder Active Ownership would convert a €52 million loan into Aonic equity. The company said it would use the proceeds for further acquisitions and ongoing development across its gaming group.
What the $160 million headline means
The approximately $160 million figure is GamesBeat’s dollar conversion of Aonic’s €152 million announcement, not a separate dollar-denominated financing amount. GamesBeat reported the transaction on December 17, 2024, describing the same two components and intended uses. GamesBeat’s account used the converted amount in its headline.
Who provided the investment
| Source | Amount | Structure |
|---|---|---|
| Metric Capital Partners | €100 million | Contribution under the definitive agreement, as described by Aonic. |
| Active Ownership | €52 million | Conversion of its shareholder loan into Aonic equity, as described by Aonic. |
| Total | €152 million | Aonic’s announced total investment agreement. |
Aonic announced the definitive agreement on December 16, 2024. The company described the proceeds as funding “further M&A and support for ongoing developments across the group.” It did not identify specific future acquisitions or divide the funding among particular studios or projects. Aonic’s announcement provides the transaction terms.
What Aonic’s group includes
Aonic described itself as a global video gaming and technology group operating across development, publishing and related services. Its December 2024 announcement named Exmox, OtherSide Entertainment, Megabit Publishing, Red Games Co., TutoTOONS, Gravite and nDreams. The businesses span mobile user acquisition, game development, publishing, mobile technology and virtual reality.
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As an example of the group’s development slate at the time, OtherSide Entertainment and Megabit Publishing had recently announced Thick As Thieves. The December 2024 coverage does not establish the game’s current release status. GamesBeat’s contemporaneous report also described the title as in development.
What Aonic said about its growth
Aonic reported that group revenue had increased 73% over the prior year and stated revenue of more than €150 million for 2024 in the company boilerplate attached to its announcement. These are company-reported figures, not independently verified financial results. The announcement did not provide an independent audit or transaction filing establishing them.
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Related company context
The investment followed Aonic’s acquisition of VR developer nDreams, which Aonic said it completed in November 2023 at an enterprise value close to $110 million. At the time, Aonic said nDreams would continue focusing on VR and mixed reality and listed Little Cities, Synapse, Ghostbusters: Rise of the Ghost Lord and PowerWash Simulator VR among its launched titles. Aonic’s nDreams acquisition announcement contains that historical context.
Aonic’s news index includes later corporate announcements, including a September 2025 Prime Insights acquisition item and January 2026 publishing leadership news. Those later items show that Aonic’s corporate story continued after the investment announcement, but the index alone does not establish the current ownership or operating status of every business named in 2024.
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