Zwift Overview

  • Year Founded
  • 2014

Year Founded

  • Status
  • Private

  • Employees
  • 501

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $620M

  • Investors
  • 29

Zwift General Information

Description

Developer of an interactive fitness platform designed to transform monotonous solo indoor cycling and running workouts into social adventures. The company's platform connects with stationary trainers and playback devices so that cyclists can pedal indoors while immersed in any number of virtual landscapes on the screen, enabling users to join in rides together with friends.

Contact Information

Website
www.zwift.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 111 West Ocean Boulevard
  • Suite 1800
  • Long Beach, CA 90802
  • United States
+1 (562)
Primary Industry
Recreational Goods
Other Industries
Educational and Training Services (B2C)
Other Consumer Durables
Application Software
Corporate Office
  • 111 West Ocean Boulevard
  • Suite 1800
  • Long Beach, CA 90802
  • United States
+1 (562)

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Zwift Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Later Stage VC 05-Feb-2023 $620M Completed Generating Revenue
8. Later Stage VC (Series C) 11-Sep-2020 Completed Generating Revenue
7. Secondary Transaction - Private 01-May-2019 Completed Generating Revenue
6. Secondary Transaction - Private 26-Apr-2019 Completed Generating Revenue
5. Early Stage VC (Series B) 19-Dec-2018 Completed Generating Revenue
4. Secondary Transaction - Private 29-Jan-2018 Completed Generating Revenue
3. Early Stage VC (Series A) 16-Nov-2016 Completed Generating Revenue
2. Angel (individual) 31-Oct-2014 $7M $7.35M Completed Startup
1. Seed Round 01-Jan-2014 $350K $350K Completed Startup
To view Zwift’s complete valuation and funding history, request access »

Zwift Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C-2
Series C
Series B 29,446,625 $0.000010 $4.44 $4.44 1x $4.44 15.76%
Series A 16,123,700 $0.000010 $1.68 $1.68 1x $1.68 8.63%
To view Zwift’s complete cap table history, request access »

VC Exit Predictor

See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Zwift Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an interactive fitness platform designed to transform monotonous solo indoor cycling and running workouts i
Recreational Goods
Long Beach, CA
501 As of 2023

Madrid, Spain
 

New York, NY
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Zwift Competitors (7)

One of Zwift’s 7 competitors is BKool, a Venture Capital-Backed company based in Madrid, Spain.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
BKool Venture Capital-Backed Madrid, Spain
Lululemon Studio Formerly VC-backed New York, NY
IFIT Health & Fitness Private Equity-Backed Logan, UT
Kinomap Venture Capital-Backed Douai, France
Wahoo Fitness Private Equity-Backed Atlanta, GA
You’re viewing 5 of 7 competitors. Get the full list »

Zwift Patents

Zwift Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4570329-A1 Adjustable single-sprocket system for a bicycle trainer Pending 11-Dec-2023
US-20250186852-A1 Adjustable single-sprocket system for a bicycle trainer Pending 11-Dec-2023
US-20240416181-A1 Communications protocol for software driven exercise devices Pending 13-Jun-2023
US-20240416182-A1 Exercise device communication system Pending 13-Jun-2023
EP-4478686-A1 Exercise device communication system Pending 13-Jun-2023 A63B24/0087
To view Zwift’s complete patent history, request access »

Zwift Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Zwift Investors (29)

Investor Name Investor Type Holding Investor Since Participating Rounds
Permira Holdings Venture Capital Minority
Amazon Alexa Fund Corporate Venture Capital Minority
Bryant Stibel Venture Capital Minority
DX Venture Venture Capital Minority
Hiro Capital Venture Capital Minority
You’re viewing 5 of 29 investors. Get the full list »

Zwift Acquisitions (2)

Zwift’s most recent deal was a Merger/Acquisition with eDrive Engineering Services. The deal was made on 31-Mar-2021.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
eDrive Engineering Services 31-Mar-2021 Merger/Acquisition Consulting Services (B2B)
Milestone Sports 26-Jun-2018 Merger/Acquisition Electronics (B2C)
To view Zwift’s complete acquisitions history, request access »

Zwift FAQs

  • When was Zwift founded?

    Zwift was founded in 2014.

  • Where is Zwift headquartered?

    Zwift is headquartered in Long Beach, CA.

  • What is the size of Zwift?

    Zwift has 501 total employees.

  • What industry is Zwift in?

    Zwift’s primary industry is Recreational Goods.

  • Is Zwift a private or public company?

    Zwift is a Private company.

  • What is Zwift’s current revenue?

    The current revenue for Zwift is .

  • How much funding has Zwift raised over time?

    Zwift has raised $1.22B.

  • Who are Zwift’s investors?

    Permira Holdings, Amazon Alexa Fund, Bryant Stibel, DX Venture, and Hiro Capital are 5 of 29 investors who have invested in Zwift.

  • Who are Zwift’s competitors?

    BKool, Lululemon Studio, IFIT Health & Fitness, Kinomap, and Wahoo Fitness are some of the 7 competitors of Zwift.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »
  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »