Volava — Seed · €1.65M

Volava's first institutional round, announced in November 2019, brought Inveready into the cap table with €750k to widen the product range beyond the indoor bike (into boxing and running) and fund the commercial launch in Spain. Media-for-equity fund Media Digital Ventures is also reported as taking part in this first tranche, which some Spanish outlets size at €850k rather than €750k; founder Joel Balagué had previously put about €1M of his own money into the company in 2017.