Swedish VR game studio Fast Travel raises $2.1 million

Swedish VR game studio Fast Travel Games has raised $2.1 million in a new funding round led by Industrifonden with participation from Sunstone Capital, Creades, and Inbox Capital.

The Stockholm-based company was founded last year by former staffers at Rovio, EA, and Dice. The new funds will be used to grow the team and the accelerate the development and launch of its first VR game.

According to the company, the high-end VR market is expected to reach 100 million units sold by 2021. The company’s founders have “deep-rooted expertise” to gain a strong foothold in this market, said John Sjolander, investment manager at lead investor Industrifonden.

“While still in its infancy, virtual reality is becoming a platform where consumers can play and engage with games like never before. We are excited to have these prominent Nordic investors by our side as we now will strengthen our team and expand upon our ability to bring these experiences to life for players,” said Oskar Burman, CEO of Fast Travel Games.

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