Fast Travel Games' co-founder Erik Odeldahl is working on the studio's first game. The studio from Stockholm recently raised more than £2.2 million in series A funding round. The funds will be put towards the development of their first game and expansion of the team.
Fast Travel Games is a VR games studio founded by industry veterans from Rovio, EA and DICE. Today, the studio announced it has raised over £1.6 million in series A funding round. The round was led by Industrifonden, with participation from Creades, Inbox Capital and existing investor, Sunstone Capital.
With this latest infusion of capital, Fast Travel Games’ total funding comes to £2.2 million, which will primarily be used to launch their first game and expand the team. Their first game is coming soon and it will be an action-adventure led by Mirror’s Edge Catalyst design director and Fast Travel Games co-founder Erik Odeldahl. The game will be available for "all major VR headsets" says the press release.
"While still in its infancy, virtual reality is becoming a platform where consumers can play and engage with games like never before" said Oskar Burman, Fast Travel Games’ CEO and co-founder / ex-head of studio of Rovio Stockholm.
According to the press release, "The studio plans to double in size in the year ahead and, since launch, has steadily grown its team with additional industry veterans who bring extensive experience from companies including EA, DICE, Guerilla Games, Rovio and Avalanche Studios. The team has been involved in designing and developing games such as Star Wars Battlefront 2 (launching this holiday season), Horizon Zero Dawn, Battlefield One, Mirror’s Edge Catalyst, Just Cause 2 and Angry Birds 2."
"The gaming industry has been under served by venture capital looking from a return on investment perspective. We see huge opportunity in VR moving to mass market and ubiquity. Combine these two factors with a stellar team and you have something that’s a very attractive investment," said John Sjölander, Investment Manager at Industrifonden.