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

Highlights

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

Number of Funding Rounds

Total Funding Amount

8

$619.50M

Zwift has raised a total of $619.50M in funding over 2 rounds. Their latest funding was raised on Sep 16, 2020 from a Series C round.

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

Number of Lead Investors

Number of Investors

5

16

Zwift is funded by 16 investors. Kohlberg Kravis Roberts and Ion Pacific are the most recent 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