Icaros receives investment of millions and plans entry in health segment

The Tyrolean venture capitalist Segnalita has invested a "mid seven-figure sum" in the VR fitness company Icaros.

"The financing by Segnalita enables us to open up new markets and in particular to extremely accelerate our research and development work in the health segment," said Icaros CEO Michael Schmidt on the private venture company's investment.

Bernhard Letzner, Managing Director of Segnalita, comments on the commitment: "Icaros supplies products that are unique and promising to date, brilliantly combining the fields of sport, fitness and gaming and thus meeting the nerve of the times".

With his company's financial injection, Icaros is now able to make its products accessible to the medical sector and to grow in the existing segment.

Icaros was the overall winner at ISPO Brandnew 2016 with its virtual reality fitness device. The home version "Icaros Home", which will also provide access to the recently launched multiplayer experience "Icarace", is due to be launched this summer.