Fast Travel Games, a leading VR game developer and publisher, has recently announced that it has raised €3.7M in a funding round led by Handelsbanken Fonder. This investment will fuel the development of new VR games and support the studio's publishing initiatives. With the VR games market projected to grow significantly in the coming years, Fast Travel Games is well-positioned to capitalize on this exciting gaming frontier.
Fast Travel Games Secures €3.7M in Funding
Fast Travel Games raises €3.7M in a funding round led by Handelsbanken Fonder.
Stockholm-based virtual reality (VR) game developer and publisher, Fast Travel Games, has recently announced that it has raised €3.7M in a funding round led by Handelsbanken Fonder. This significant investment will provide the necessary resources for Fast Travel Games to expand its VR game development and publishing initiatives.
With the continuous growth of the VR games market and the introduction of new VR platforms such as the PSVR2, Quest 3, and Apple Vision Pro, Fast Travel Games is well-positioned to capitalize on the increasing demand for immersive gaming experiences.
Fast Travel Games' Commitment to VR Game Development
Fast Travel Games focuses on developing new IP for VR platforms.
Fast Travel Games is dedicated to pushing the boundaries of VR game development. The studio is currently working on its first original IP in four years, which is highly anticipated by VR enthusiasts. Additionally, Fast Travel Games is developing its first-ever multiplayer game, providing players with an immersive social gaming experience.
With a team of industry-leading veterans, Fast Travel Games has already released several highly-rated VR titles, including Apex Construct, The Curious Tale of the Stolen Pets, and Wraith: The Oblivion – Afterlife. The studio's commitment to delivering high-quality VR gaming experiences has earned them a strong reputation in the industry.
The Growing Potential of the VR Games Market
The VR games market is projected to experience significant growth.
The global VR games market is expected to grow from €7.47B billion in 2021 to €50.42B in 2028, with a compound annual growth rate (CAGR) of 31.4%. This growth is primarily driven by the increasing adoption of advanced VR hardware and accessories by gamers worldwide.
With the upcoming advancements in technology, such as 5G, cloud-based gaming, and the introduction of new VR devices like the Apple Vision Pro, the VR games market is poised for further expansion. Fast Travel Games' strategic investment in VR game development positions them to capitalize on this growing market and deliver innovative gaming experiences to players.
Fast Travel Games' Partnership with MoonHood
Fast Travel Games collaborates with MoonHood to develop a unique VR adventure.
Fast Travel Games recently announced a partnership with MoonHood, a new studio known for creating unique and immersive gaming experiences. MoonHood aims to transport players into strange and captivating worlds crafted from physical materials like clay and cardboard.
By combining MoonHood's expertise in creating physical objects and Fast Travel Games' VR game development capabilities, the partnership aims to create a surreal and visually stunning adventure. The game, which is currently unnamed, will be released on consoles, PC, and VR headsets, offering players a truly immersive and one-of-a-kind gaming experience.
Conclusion
Fast Travel Games' recent funding of €3.7M marks an exciting milestone for the VR game developer and publisher. With the support of Handelsbanken Fonder and other investors, Fast Travel Games is well-positioned to expand its VR game development and publishing initiatives.
The growing potential of the VR games market, coupled with Fast Travel Games' commitment to delivering high-quality gaming experiences, sets the stage for continued success. Through partnerships like the one with MoonHood, Fast Travel Games aims to push the boundaries of VR gaming and create unique and immersive adventures for players.
As the VR games market continues to evolve and new technologies emerge, Fast Travel Games is poised to capitalize on the exciting opportunities that lie ahead. With a strong reputation and a dedicated team of industry veterans, Fast Travel Games is ready to shape the future of VR gaming.
FQA :
What is Fast Travel Games?
Fast Travel Games is a Stockholm-based VR game developer and publisher known for delivering high-quality VR gaming experiences.
What will the funding be used for?
The recent funding of €3.7M will support Fast Travel Games' development of new IP for VR platforms and its publishing initiatives.
What are some of Fast Travel Games' notable VR titles?
Fast Travel Games has released several highly-rated VR titles, including Apex Construct, The Curious Tale of the Stolen Pets, and Wraith: The Oblivion – Afterlife.
What is the projected growth of the VR games market?
The global VR games market is expected to grow from €7.47B billion in 2021 to €50.42B in 2028, with a CAGR of 31.4%.
What is Fast Travel Games' partnership with MoonHood?
Fast Travel Games has partnered with MoonHood, a studio known for creating unique gaming experiences, to develop a surreal and visually stunning VR adventure.
