Pale Fire Capital, a private equity firm based in Prague, has acquired a major stake in VirtualTraining, the Czech company behind the Rouvy indoor cycling and running software application. The deal is expected to close by the end of September. The new investment is meant to help Rouvy surpass the two-million mark for its community of active users within the next five years. Rouvy is a digital racing platform that simulates real outdoor riding on a bike using geo-located videos and augmented reality. The highest number of users are currently in the U.S., Canada, the U.K., Germany, Italy, France and Spain. For the past two years, Rouvy has been a partner of Ironman, the Tour de Suisse series of stage races, and Digital Swiss 5, a World Tour pro digital-only series of races. Rouvy’s team will be reinforced with the addition of roles in Vimperk, Prague and in Brno, where the company’s founders, the brothers Jiří and Petr Samek, are planning to open a new facility.