About Zwift
Zwift is a company based in Long Beach (United States) founded in 2014 by Jon Mayfield. Zwift has raised $597 million across 4 funding rounds from investors including KKR, Permira and COLOPL. Zwift has completed 2 acquisitions, including Milestone Sports and Rouvy. Zwift operates in a competitive market with competitors including WayBetter, JOIN, Rouvy, Nex and Tacx, among others.
- Headquarter Long Beach, United States
- Founders Jon Mayfield
- Stage Unicorn
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Sectors
HealthcareMedia & Entertainment
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$597 M (USD)
in 4 rounds
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Latest Funding Round
$450 M (USD), Series C
Sep 16, 2020
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Investors
KKR
& 12 more
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Employee Count
Not available
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Investments & Acquisitions
Milestone Sports
& 1 more
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People of Zwift
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Funding Insights of Zwift
Zwift has successfully raised a total of $597M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $450 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Zwift
Zwift has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Permira and COLOPL.
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Growth-stage consumer and enterprise technology companies are funded.
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Private equity investments in Europe are managed by Novator Partners.
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True is engaged in business advisory and investment services.
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Investor details for Zwift
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Investments & Acquisitions by Zwift
Zwift has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Milestone Sports and Rouvy.
Investment portfolio details for Zwift
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Indoor cycling simulations are offered via web-based application for training.
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Wearable technology to help consumers maximize performance
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Complete acquisition details for Zwift
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Financial Statements - Zwift
Detailed financials for Zwift
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Zwift Comparisons
Peer comparison for Zwift
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Competitors of Zwift
Zwift operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WayBetter, JOIN, Rouvy, Nex and Tacx, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of gamified health and wellness programs
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JOIN is recognized as an AI-driven cycling training application.
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Indoor cycling simulations are offered via web-based application for training.
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Game-based fitness training solutions are offered to consumers via app.
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Interactive bike trainers and training software are provided by Tacx.
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Detailed competitors of Zwift
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Latest news on Zwift
Complete news archive for Zwift
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Frequently Asked Questions about Zwift
Zwift was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Zwift is headquartered in Long Beach, United States. It is registered at Long Beach, California, United States.
Zwift is a funded company, having raised a total of $597M across 4 funding rounds to date.
Zwift was established in 2014 in Long Beach, United States, as a provider in the fitness technology sector. An app is offered that connects automatically to indoor cycling devices through Bluetooth, enabling users to navigate virtual worlds and engage in multiplayer training sessions structured around gamification elements. Core operations focus on digital workout experiences tailored for remote cycling enthusiasts.
Zwift has made 2 acquisitions, including Milestone Sports, and Rouvy.
Zwift has 13 investors. Key investors include KKR, Permira, COLOPL, Samchuly, and Highland Europe.
The valuation of Zwift is $1B as of Sep 2020.