Pamplona gymnastics leotard maker Vinkova raises €125,000 from Angels Capital

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Vinkova, a Pamplona company that designs, makes and sells rhythmic gymnastics leotards, has closed a €125,000 round with Angels, the investment firm backed by Juan Roig that sits inside Marina de Empresas alongside the Lanzadera accelerator, where Vinkova recently spent time. It is a tidy arrangement: go through the accelerator, then get funded by its sibling.

Founded in 2014 by Xabier Yárnoz and Silvia Uhalte, Vinkova handles design, manufacturing, decoration and sales at its own Pamplona facilities. It sells in more than 40 countries, works with the Royal Spanish Gymnastics Federation and has dressed Almudena Cid and members of the Spanish national team.

The money goes to design and customisation, a wider range of leotards and expansion into new markets, including more affordable competition pieces for clubs. Angels says it has put more than €40 million into 70 companies since its creation.