# Fast Travel Games

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fast-travel-games

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.fasttravelgames.com
- Total disclosed funding: $3.1M
- Latest round: Series A (Sep 5, 2017)
- Investors on record: 4

## About

Fast Travel Games AB is a Stockholm-based company specializing in the development and publishing of immersive virtual reality (VR) games, delivering engaging experiences for gaming enthusiasts across various platforms.Founded in 2016 in Stockholm, Sweden, Fast Travel Games AB focuses on creating high-quality VR gaming experiences. The company was co-founded by Erik Odeldahl, Judith Ellis, Kristoffer Benjaminsson, and Oskar Burman, who currently serves as the CEO. The firm has secured a total of 3 deals, with the most recent funding round occurring on November 7, 2023, where they raised USD 4.00 mn led by Handelsbanken Fonder, with participation from Brightly Ventures, Creades, Inbox Capital, and Industrifonden. All funds raised contribute to the expansion of the company's operations.Fast Travel Games specializes in developing and publishing core virtual reality (VR) games. Their portfolio includes action titles such as 'Action Hero,' a first-person shooter featuring dynamic gameplay on Meta Quest, and 'The Midnight Walk,' a dark fantasy adventure available on PS5, PS VR2, Steam, and SteamVR. These offerings leverage VR technology to create engaging environments for users, catering to the needs of gamers in North America, Europe, and Asia.In the most recent year, Fast Travel Games reported a revenue of USD 5,605,295.10 with an EBITDA of USD -226,371.50 for 2022, reflecting their financial performance and operational efforts in the gaming market.Fast Travel Games plans to utilize the USD 4.00 mn raised in their latest funding round to expand their business operations. This includes the development of new VR titles set to launch in the upcoming year, although specific release dates have not been disclosed. The company aims to penetrate new geographic markets, focusing on increased engagement in both North America and Europe. The strategic use of funding will support these initiatives, enhancing their product offerings and market reach.

## Funding rounds

- Series A, Sep 5, 2017, $2.1M — Heartcore Capital, Industrifonden, Creades, Inbox Capital
- Seed, Jun 29, 2016, $1M — Heartcore Capital

## Investors

- Heartcore Capital (https://capitalatlas.ai/funds/heartcore-capital) — Seed, Series A
- Industrifonden (https://capitalatlas.ai/funds/industrifonden) — Series A
- Creades — Series A
- Inbox Capital (https://capitalatlas.ai/funds/inbox-capital) — Series A