Zwift Overview
- Year Founded
-
2014

- Status
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Private
- Employees
-
501

- Latest Deal Type
-
Later Stage VC
- Latest Deal Amount
-
$620M
- Investors
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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.comCorporate Office
- 111 West Ocean Boulevard
- Suite 1800
- Long Beach, CA 90802
- United States
Corporate Office
- 111 West Ocean Boulevard
- Suite 1800
- Long Beach, CA 90802
- United States
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 |
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% |
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.
Zwift Comparisons
Industry
Financing
Details
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 |
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 |
Zwift Signals
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 |
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) |
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.
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