Zwift
About
Zwift operates an online fitness platform used to transform monotonous solo indoor cycling into dynamic and social adventures.
- Long Beach,California,United States
- 501 - 1000
- http://www.zwift.com
Details
- Last Funding Type
- Series C
- Last Funding Money Raised
- $450M
- Industries
- Cycling,Fitness,Sports,Wellness
- Founded date
- Jan 1, 2014
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
- Legal Name
- Zwift, Inc.
Zwift is a provider of an interactive fitness platform used to transform monotonous solo indoor cycling and running workouts into dynamic and social adventures.Its platform connects users to physical indoor trainers so that cyclists can pedal inside while immersed in any number of virtual landscapes on a screen in front of them that enable users to join in rides together with friends. Zwift uses gaming technology to bring the outdoor experience indoors, making at-home exercise fun, and engaging. It promotes social experience by connecting cyclists and runners in 3D computer-generated platform. Users of the Zwift platform interact, train, and compete together by wirelessly pairing a bike trainer or treadmill to the Zwift app, to power their in-game avatars.Zwift was launched in 2014 by Alarik Myrin, Eric Min, Jon Mayfield, and Scott Barger and is headquartered in Long Beach, California.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Sep 16, 2020 | Series C | $450M | 10 |
Kohlberg Kravis Roberts
|
— | Detail |
| Apr 10, 2019 | Secondary Market | — | 1 |
Ion Pacific
|
— | Detail |
| Dec 19, 2018 | Series B | $125M | 5 |
Highland Europe
|
— | Detail |
| Jan 10, 2018 | Secondary Market | — | 1 |
Ion Pacific
|
— | Detail |
| Nov 16, 2016 | Series A | $27.15M | 4 |
Novator
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Kohlberg Kravis Roberts
|
Yes | Series C |
|
Ion Pacific
|
Yes | Secondary Market |
Amazon Alexa Fund
|
— | Series C |
Causeway Media Partners
|
— | Series C |
|
Highland Europe
|
— | Series C |
Ilkka Paananen
|
— | Series C |
Illusian Family Office
|
— | Series C |
|
Novator
|
— | Series C |
Permira
|
— | Series C |
True.
|
— | Series C |
Employee Profiles
Acquisition
Zwift has acquired 1 organizations. Their most recent acquisition was Milestone Sports on Jun 23, 2018. They acquired Milestone Sports for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Jun 23, 2018
Milestone Sports
|
Marketing Automation | acquisition | — | Detail |
