This Tuesday we got the happy news that our portfolio company Racefox have been approved for grant from EU and the Horizon2020 SME phase two program. Racefox was selected from 1850 applying companies, as one of 65 companies that received funds.
Racefox received 19 MSEK for contributing to the continuous development of the company’s services. That includes bringing Racefox to the market, develop additional training functionality and complete injury prevention-modules.
As an example, the Racefox team will continue to work on enabling the service to work on ubiquitous wearables and expand real time coaching ability.
“The funds we have received from EU will be of great help for us in our mission to establish Racefox as the number one personal trainer in the connected fitness industry.” Says Magnus Jonsson, CEO of Racefox.