Fast Travel Games raises 4M+ USD in a new round of investment
Fast Travel Games, the award-winning developer and publisher of VR games, based in Stockholm, Sweden, has secured new investment in a round worth 4M+ USD. Lead investor is Brightly Ventures, a Nordic early-stage technology investment firm founded by former tech entrepreneurs and operators. With existing owners Industrifonden, Creades and Inbox Capital among others also adding new funds, this new round of investments puts Fast Travel Games in a strong position to accelerate its pace going forward.
Oskar Burman, CEO and co-founder of Fast Travel Games: “We’ve seen amazing growth in the VR market lately with lots of gamers now realising just how much the VR space has matured, in terms of hardware, pricing and access to content. With four games on the market, and several new in development, we saw our revenues double to 2.4M USD last year, and are well on track to double that again for this year. With this new investment we’re in a stronger position than ever to capitalize on this new gaming frontier.”
John Elvesjö, Managing Partner at Brightly Ventures: “VR is one of the fastest growing digital entertainment segments and we believe that the pace of development within this space will be very high in the coming years. Fast Travel Games is one of the key players in Europe and the team has an impressive track record in developing high-quality games in a wide range of different genres. At Brightly Ventures, we are truly excited to be a part of the group of investors backing the team on this journey.”