December 3 (SeeNews) - Bosnian tech startup Rolla said on Friday it has raised 1.6 million euro ($1.8 million) in a Series A financing round from two investors.
Cyprus-based Hellens Rock Capital and an unnamed angel investor from Serbia participated in the financing round, Rolla said in a statement e-mailed to SeeNews.
Rolla said it will use the new funds for further development of its social fitness platform and team expansion. The company, which currently employs 20 people, plans to double its headcount at the beginning of 2022.
Established in 2019, Rolla operates two applications which take users through virtual environments in their homes using social and community features and encourage them to move those activities to the real world.
The primary mission of this platform is to change and improve health with technology, said Igor Krezić, founder and CEO of Rolla.
“Although using virtual gamified worlds to exercise is a novel approach, it is not a replacement for regular outdoor activities. Rolla seamlessly provides the transition between indoor and outdoor activities, and provides users with a full overview of their activities,” Krezić noted.
($ = 0.8857 euro)