Volava announced raising EUR 800k.
Volava, a Barcelona, Spain-based company selling exercise bikes and training classes electronically, announced a new capital round totalling EUR 800k ($890k). The money was provided by existing investor, Inveready, as well as by an undisclosed private investor and 79 small investors via The Crowd Angel (in which €448,000 has been secured already).
The capital injection will allow to launch new business lines and consolidate its growth in Spain, in addition to starting its expansion in Europe.
Volava, founded in 2017 by Joel Balagué, is a technology company that mixes the physical with the digital world to create a unique, immersive and connected fitness experience.
The company has developed smart sports equipment (exercise bikes, punching bags and gloves, and treadmills with an integrated HD screen) connected to a platform that offers live classes and a virtual content library accessible on demand and that monitors the practice.