
Fast Travel Games
Fast Travel Games is a game developer & publisher located in Stockholm, Sweden, building virtual reality games.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor investor | €0.0 | round | |
investor investor investor investor investor investor | €0.0 | round | |
investor investor investor | €0.0 | round | |
* | $4.0m | Early VC | |
Total Funding | 000k |
EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | (11 %) | 166 % | 55 % | 55 % | 145 % | 38 % | (8 %) |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | (78 %) | 18 % | 18 % | 23 % | - | - | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (107 %) | (2 %) | (6 %) | 17 % | (13 %) | (30 %) | (40 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Fast Travel Games, a Stockholm-based studio, operates as both a developer and publisher exclusively focused on the virtual reality (VR) gaming market. The company was established in 2016 by a trio of seasoned game industry professionals: Oskar Burman, Kristoffer Benjaminsson, and Erik Odeldahl. Their collective background includes senior roles at prominent studios like EA DICE, Rovio, and Avalanche Studios, where they contributed to major franchises such as Battlefield, Mirror's Edge, and Angry Birds. This extensive experience in traditional game development shaped their vision to create deep, narrative-driven, and social VR experiences, moving beyond the shorter, simpler content prevalent in the market's early days.
The company's business model encompasses two primary activities: the in-house development of original IP and the publishing of titles from third-party developers. Revenue is generated through the sale of paid games across major VR platforms, including the Meta Quest Store, PlayStation VR, and Steam. Since its inception, Fast Travel Games has secured over $10 million in funding across several rounds, with significant investments from firms like Handelsbanken, Industrifonden, and Brightly Ventures, enabling its expansion and the development of new intellectual properties. This financial backing supports the studio's dual strategy of creating its own titles while helping other VR developers bring their games to market.
Fast Travel Games' portfolio showcases a variety of genres, from action-adventure and horror to puzzle and simulation. Their debut title, 'Apex Construct', was an action-adventure game designed to offer the multi-hour campaign experience the founders felt was missing in early VR. Other internally developed games include the critically acclaimed horror title 'Wraith: The Oblivion – Afterlife', the puzzler 'The Curious Tale of the Stolen Pets', the roguelite 'Ghost Signal: A Stellaris Game', and the stealth RPG 'Vampire: The Masquerade – Justice'. As a publisher, the studio has released successful games like 'Broken Edge' and 'Cities: VR'. The company is continuously expanding its lineup, with upcoming projects including the multiplayer hide-and-seek game 'Mannequin' and a collaboration with the new studio MoonHood.
Keywords: VR game developer, VR publisher, virtual reality games, Stockholm games, Oskar Burman, Kristoffer Benjaminsson, Apex Construct, Vampire The Masquerade Justice, Ghost Signal A Stellaris Game, Wraith The Oblivion Afterlife, Mannequin VR, Cities VR, VR action games, VR adventure games, VR horror games, VR RPG, Meta Quest games, PlayStation VR2, SteamVR, narrative VR, social VR, immersive gaming