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General Information

Websitefastrbooks.com
Blogblog.fastr.io
Twitter@fastrapp
CategoryEducation
Phone+371 27840884
Employees5
Founded8/2012
DescriptionReading training apps

Offices

Riga Office
Citadeles 12
TechHub Riga
Riga, LV-1010, LVA

People

Funding

TOTAL $100k
FUNDING TOTAL $100k
Seed, 12/2012
$50k
Seed, 6/2013
$50k

Tags

Fastr

Fastr is developing subscription-based ebook app. Fastr subscribers will be able to pay a monthly fee for unlimited access to fiction, educational and business books, and can maintain a digital library — similar to what Spotify does for music, and what Netflix does for movies and television shows.

Product Fastr started with an ebook reading application for iPhone and iPad in the end of 2012. It has been focusing on speed reading training and is gathering avid readers, professionals who have to read significant amount of text for work, college and university students and people, who are interested in self improvement. When Fastr has got some traction we understood from our customers, that the real issue is not just reading technology, but the way to discover and access contact. Currently Fastr is in talks with authors and publishers to create our own books catalog.

Market and Traction Year 2012 was the first year when sales of ebooks exceeded paper versions. This is a fundamental shift, which opens new opportunities for Fastr business. There are several players in this field, most recognized being Amazon and Apple. In fact, none of leading players are ready to go away from classical reading standards, where Fastr. Three biggest markets for Fastr app currently are USA, Western Europe and Latin America. These three regions together generate 80% of Fastr user base. Fastr ambition is to be present with the product offering in all three major market segments: adults, students and children. Fastr iOS application has been available in the App Store for 7 months and it has generated more than 200k downloads.

Recent Milestones

  • Check
    Fastr — Fastr iOS app reaches 200K downloads and 50K active monthly users in July. (7/25/13)
    Posted 7/29/13 at 6:01am
  • Dollar
    Fastr received $50k in Seed funding. (6/13/13)
    Posted 7/29/13 at 8:50pm
  • Check
    Fastr — Fastr becomes part of Startup Sauna accelerator Spring '13 Program. (5/13/13)
    Posted 6/4/13 at 4:41am via startupsauna.com
  • Check
    Fastr — The seed round was raised from an Angel Investors and Valmiera Business and Innovation Incubator. In total they secured EUR 50 000, which might not seem like a lot, but is definitely impressive for a team that got together by basically pure chance and bui (1/10/13)
    Posted 5/30/13 at 7:18am via arcticstartup.com
  • Dollar
    Fastr received $50k in Seed funding. (12/12/12)
    Posted 7/29/13 at 8:50pm
  • Check
    Fastr added Eldars Loginovs as CEO.
    Posted 7/29/13 at 8:26pm
  • Check
    Fastr added Alexander Bickov as Founder.
    Posted 7/29/13 at 8:37pm
  • Check
    Fastr added Aleksejs Sinicins as CTO.
    Posted 7/29/13 at 8:43pm
  • Check
    Fastr added Anatoly Ressin as Founder.
    Posted 10/6/13 at 8:58pm

Videos

Above:

Fastr video

Added: 7/30/13

Screenshots

Fastr screenshot
Above: Fastr screenshot
Uploaded: 7/30/13
Fastr screenshot
Above: Fastr screenshot
Uploaded: 7/30/13

Products

Fastr iPhone app

Add some content to this product

Sources

  1. Citation Needed [add]
  2. Citation Needed [add]
  3. Raised 50k EUR seed funding (arcticstartup.com) [edit]
    Startup Sauna 2013 Spring Program has started! (startupsauna.com) [edit]
    Citation Needed [add]
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Last Edited 4/10/14

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