Myvelofit Secures Seed Funding And Expands Executive Team

MyVeloFit delivers a mobile-based AI video analysis tool that helps cyclists adjust their bike to improve comfort, performance and reduce injury. Their emergence in the market comes at a time when both indoor and outdoor cycling are experiencing unprecedented booms, alongside a shift to direct-to-consumer bike sales. The company plans to use this funding round to scale up its operations and allow them to expand their service offering and move more boldly in the North American and international markets.