Aonic Group receives $160 million investment to support its growing roster of studios

ionicthe video game studio group announced today that it has entered into an agreement to receive €152 million, or approximately $160 million, in investments from Metric Capital Partners and Active Ownership. The group plans to direct the funds towards further growth, mergers and acquisitions and ongoing developments starting next year.

According to the terms of the agreement, investment firm Metric Capital Partners contributes €100 million (about $105 million), while the remaining €52 million (about $55 million) comes from Active Ownership, one of Aonic’s major shareholders. It converts its shareholders into lending.

Aonic was founded in 2021 and has since added several studios to its roster, including Otherside Entertainment, Megabitgraphite, xmox and dreams. Recently, its studios Megabit and Otherside revealed a title in development Thick as thieves At The Game Awards 2024. According to Aonic, its total revenue increased by 73% last year.

The company describes itself As a “diversified video game group… Aonic’s infrastructure consists of game technology providers, work-for-hire studios, and service agencies that contribute real-time support. As a result, each studio will benefit from knowledge transfer between teams and can leverage the resources of Aonic’s support platform at will.”