Swedish gaming conglomerate Aonic has secured a significant investment of €152 million (over $157 million) from Metric Capital Partners and its major shareholder, Active Ownership. The bulk of this funding comes from Metric and is intended to facilitate further mergers and acquisitions (M&A) as well as support ongoing developments within the company.

Despite this influx of capital, Aonic's subsidiaries have faced challenges, including layoffs. In September, nDreams, a VR developer acquired by Aonic for $110 million last year, cut 17.5 percent of its workforce. These layoffs reflect the broader turbulence currently affecting the gaming industry, which has impacted various aspects of Aonic's operations. Nevertheless, the company reported a remarkable 73 percent revenue growth for the 2024-2025 fiscal year.

Since its establishment in 2021, Aonic has actively expanded its portfolio by acquiring or investing in several studios, such as OtherSide Entertainment, nDreams, and Exmox. OtherSide, co-founded by Paul Neurath and led by Deus Ex's creative director Warren Spector, recently showcased its first project, Thick as Thieves, at the Game Awards.

Earlier this year, Aonic also launched a publishing division named Megabit, which will handle the distribution of Thick as Thieves along with future first-party and third-party titles. The company plans to share more details about its ongoing projects in 2025.