# Volava SL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/volava-sl

- Industry: Consumer Products
- Headquarters: Barcelona, Spain
- Website: www.volava.com
- Total disclosed funding: $4.1M
- Latest round: Seed (Feb 10, 2021)
- Investors on record: 4

## About

Based in Spain, Volava SL offers a comprehensive fitness platform that features live and on-demand workout classes, catering to diverse fitness levels and preferences.Volava SL, founded in 2017, is headquartered in Barcelona, Spain, and specializes in delivering a digital fitness experience through its subscription-based services. The company was established by Joel Balague, who has a history of entrepreneurial ventures. As of February 2021, Volava raised EUR 2 million in SEED funding from Inveready Asset Management, JME Ventures, and Wayra, bringing the total amount raised to EUR 2 million across five deals.Volava specializes in providing a comprehensive fitness solution through its core product offerings, which include a subscription-based service for live and on-demand workout classes. The service features a diverse array of fitness classes such as Yoga, Dance, Meditation, HIIT, Strength training, and Running, catering to users of varying fitness levels. The platform also includes a family subscription model, allowing multiple users access to all content for a single monthly fee. In addition to the digital offerings, Volava sells fitness equipment, including bikes designed for home use, enhancing the overall experience. The company primarily serves the Spanish market, particularly focusing on urban areas where home fitness solutions are increasingly in demand.Volava generates revenue primarily through its subscription model, which offers users access to a range of fitness classes for a monthly fee of EUR 39 following an initial 30-day free trial period. The subscription allows families to utilize the platform collectively, thereby increasing user engagement and retention. Additionally, the company sells fitness equipment, such as cadence meters and heart rate monitors, which are often bundled with subscriptions or offered as standalone products. Transactions typically occur directly to consumers, emphasizing a B2C (business-to-consumer) approach, which allows for direct interaction with their customer base and streamlined service delivery. In 2020, Volava reported a revenue of EUR 1,949,811.50 and an EBITDA of EUR -1,490,700.70.In February 2021, Volava SL raised EUR 2 million in SEED funding, which will be utilized for expanding its business into national and international markets. The company aims to develop new product offerings to enhance user engagement in line with its market growth strategy.

## Funding rounds

- Seed, Feb 10, 2021, $2.4M — Inveready Asset Management, Wayra, JME Ventures
- Seed, Mar 23, 2020, $0.8M — Inveready Asset Management, The Crowd Angel
- Series A, Jul 25, 2019, $0.8M — Inveready Asset Management

## Investors

- Inveready Asset Management (https://capitalatlas.ai/funds/inveready-asset-management) — Series A, Seed
- The Crowd Angel — Seed
- Wayra (https://capitalatlas.ai/funds/wayra) — Seed
- JME Ventures (https://capitalatlas.ai/funds/jme-ventures) — Seed