8/18/2021

Pale Fire Capital invests $6 million in ROUVY, the popular augmented reality app for indoor training

Prague, Czech Republic / The Pale Fire Capital investment group acquires a major stake in VirtualTraining, a Czech company behind the ROUVY indoor cycling and running software application. Thus, Pale Fire Capital is positioned to become the majority shareholder in ROUVY and close the deal by the end of September. ROUVY is currently evaluated at tens of millions of U.S. dollars. The new investment will fuel its ambition to be the #1 global mobile application for virtual cycling and running, surpassing the two-million mark for the community of active users within the next 5 years.