Zwift, maker of a popular indoor training app, just landed a whopping $450 million in funding led by KKR

Sep 16 2020 by TechCrunch

 

Zwift, a 350-person, Long Beach, Calif.-based online fitness platform that immerses cyclists and runners in 3D generated worlds, just raised a hefty $450 million in funding led by the investment firm KKR in exchange for a minority stake in its business.

Permira and Specialized Bicycle’s venture capital fund, Zone 5 Ventures, also joined the round alongside earlier backers True, Highland Europe, Novator and Causeway Media.

Zwift has now raised $620 million altogether and is valued at...

Continue Reading Zwift, maker of a popular indoor training app, just landed a whopping $450 million in funding led by KKR