Stockholm-based virtual reality (VR) game developer and publisher, Fast Travel Games, has successfully raised €3.7 million in funding to support its ambitious plans for new intellectual property (IP) development and publishing ventures in the VR space. Handelsbanken Fonder led the funding round, with participation from existing investors Industrifonden, Brightly Ventures, Creades, and Inbox Capital. This substantial investment firmly establishes Fast Travel Games as a major player in the rapidly expanding VR gaming market.
Fast Travel Games has already made a name for itself in the industry, thanks to the success of highly-rated VR titles such as Apex Construct, The Curious Tale of the Stolen Pets, and Wraith: The Oblivion – Afterlife. However, with this latest injection of funds, the studio is ready to push the boundaries even further, creating innovative and immersive experiences for VR platforms.
Oskar Burman, CEO and co-founder of Fast Travel Games, expressed his enthusiasm about the investment, stating, “This funding will empower us to explore new frontiers in VR gaming. We are delighted to have the support of our investors as we embark on this thrilling journey.”
One of the studio’s main focuses is the development of new IP specifically designed for VR platforms. Currently, Fast Travel Games is diligently working on its first original IP in four years, an eagerly anticipated project titled Mannequin. Set to captivate players with its immersive gameplay and innovative mechanics, Mannequin promises to be a game-changer. Additionally, the studio is venturing into new territory with its inaugural multiplayer game, offering a captivating social experience for VR enthusiasts. Moreover, Fast Travel Games is keeping details of an unannounced title under wraps, leaving fans speculating about the surprises that may lie ahead.
The timing of this funding round couldn’t be more opportune for Fast Travel Games. The VR games market is experiencing steady growth, and with the imminent launch of devices like the PSVR2, Quest 3, and Apple Vision Pro, its expansion is expected to skyrocket. As VR technology evolves and becomes more accessible, the demand for high-quality, immersive gaming experiences is on the rise.
Fast Travel Games has already demonstrated its ability to create captivating VR titles that resonate with players. Apex Construct, a post-apocalyptic action-adventure game, received critical acclaim for its immersive world and engaging gameplay mechanics. The Curious Tale of the Stolen Pets, a charming puzzle game, enchanted players with its whimsical art style and heartwarming story. Wraith: The Oblivion – Afterlife, an atmospheric horror game, sent shivers down the spines of players with its haunting narrative and chilling gameplay.
With the recently secured funding, Fast Travel Games can continue to push the boundaries of VR gaming, delivering unique and immersive experiences to players worldwide. The studio’s commitment to innovation and its track record of successful releases position it as a major player in the VR gaming industry.
The investment from Handelsbanken Fonder and the continued support from existing investors demonstrate their confidence in Fast Travel Games’ vision and potential for success as the studio embarks on its next chapter. With the necessary funds in place, Fast Travel Games is well-equipped to bring its ambitious projects to life and further contribute to the growth of the VR gaming market.
In conclusion, Fast Travel Games’ recent funding round is a significant milestone for the company and the VR gaming industry as a whole. With their proven track record and ambitious plans for new IP development, Fast Travel Games is poised to deliver groundbreaking experiences that will captivate VR enthusiasts worldwide. As the VR games market continues to thrive, we can expect Fast Travel Games to lead the charge in innovation, shaping the future of virtual reality gaming. The future of VR gaming has never appeared brighter, and Fast Travel Games is at the forefront of ushering in a new era of immersive entertainment.