Zwift Raises $450M in Series C
Zwift has successfully raised $450M in a Series C at a $1B valuation led by KKR, Highland Europe, Causeway Media Partners.
Company Overview
Zwift is a HealthTech company headquartered in Long Beach, CA, founded in 2014 with 500+ employees.
Virtual cycling and running platform
Fundraising Details
- Amount Raised: $450M
- Round Type: Series C
- Valuation: $1B
- Date: 2020-11-16
- Investors: KKR, Highland Europe, Causeway Media Partners
About Zwift
Virtual cycling and running platform The company is positioned in the HealthTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Long Beach, CA
- Founded: 2014
- Team Size: 500+
- Industry: HealthTech
What This Means
This funding round demonstrates strong investor confidence in Zwift's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The HealthTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Zwift's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Zwift, positioning the company among notable players in the HealthTech industry.
Looking Ahead
With this new capital, Zwift is well-positioned to execute on its growth strategy and continue building innovative solutions in the HealthTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2020-11-16. For more information about Zwift, visit their headquarters at Long Beach, CA.
