Volava is a Barcelona-based startup founded in 2017 by Ana Roig and Joel Balagué that began operations in November 2019. The company designs and sells connected home-training machines combining IoT-enabled equipment, high-quality content and a social platform that lets users connect and compete. Volava closed 2020 with €2 million in revenue and projected between €5 and €6 million for 2021. It has a commercial agreement with Amazon and plans to expand into markets including the Netherlands, Germany and likely Denmark. The founders remain majority shareholders with 51% after the new round. The fresh capital is intended to consolidate growth and support national and international expansion. Volava develops connected fitness hardware and a digital content system that links its spinning bikes to a large on-bike screen so users can take live and on-demand classes from home. The company launched with a focus on spinning and says it has advanced development of boxing and running products to expand its offering. Its business model centers on subscription revenue for content libraries and on the social dimension of digital fitness experiences. Volava operates a recording studio in Barcelona that produces its cycling content and serves as a boutique session studio. The team emphasizes immediate user feedback (heart rate, calories, cadence) to help improve workouts. Founded in 2017, the company initially started with €1M of founders' capital from Ana Roig, Javier Sentís and Joel Balagué. The recent capital increase will be used to broaden product lines and support a commercial launch in Spain.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2021