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 1 acquisition, including Milestone Sports. 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
-
Sectors
HealthcareMedia & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$597 M (USD)
in 4 rounds
-
Latest Funding Round
$450 M (USD), Series C
Sep 16, 2020
-
Investors
KKR
& 12 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $450.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series C - Zwift | Valuation | KKR | |
| Dec, 2018 | Amount | Series B - Zwift | Valuation | Highland Europe | |
| Nov, 2016 | Amount | Series A - Zwift | Valuation | Novator Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Growth-stage consumer and enterprise technology companies are funded.
|
Founded Year | Domain | Location | |
|
Private equity investments in Europe are managed by Novator Partners.
|
Founded Year | Domain | Location | |
|
True is engaged in business advisory and investment services.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Zwift
Zwift has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Milestone Sports. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Wearable technology to help consumers maximize performance
|
2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Zwift
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zwift Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of gamified health and wellness programs
|
|
| domain | founded_year | HQ Location |
JOIN is recognized as an AI-driven cycling training application.
|
|
| domain | founded_year | HQ Location |
Indoor cycling simulations are offered via web-based application for training.
|
|
| domain | founded_year | HQ Location |
Game-based fitness training solutions are offered to consumers via app.
|
|
| domain | founded_year | HQ Location |
Interactive bike trainers and training software are provided by Tacx.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Zwift
Frequently Asked Questions about Zwift
When was Zwift founded?
Zwift was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Zwift located?
Zwift is headquartered in Long Beach, United States. It is registered at Long Beach, California, United States.
Is Zwift a funded company?
Zwift is a funded company, having raised a total of $597M across 4 funding rounds to date. The company's 1st funding round was a Series A of $27M, raised on Mar 02, 2016.
What does Zwift do?
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.
How many acquisitions has Zwift made?
Zwift has made 1 acquisition, including Milestone Sports.
Who are Zwift's investors?
Zwift has 13 investors. Key investors include KKR, Permira, COLOPL, Samchuly, and Highland Europe.
What is Zwift's valuation?
The valuation of Zwift is $1B as of Sep 2020.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.