Peloton

Peloton

A company offering an exercise bike capable of streaming indoor cycling classes.

Peloton is a company offering an exercise bike and treadmill capable of streaming indoor cycling classes that is headquartered in New York City, New York and was founded in 2012 by Graham Stanton, Hisao Kushi, John Foley, Tom Cortese, and Yony Feng. Peloton's fitness equipment comes with a subscription based software platform that allows users to stream live fitness classes while using their exercise bikes or treadmills.

Funding
Series F

On August 3, 2018 Peloton completed their series F funding round with $550 million in funding form TCV (lead investor), Tiger Global, True Ventures, Wellington Management, Fidelity (FMRCo), NBCUniversal, Kleiner Perkins and Balyasny participated in this round, joined by new investors, including Felix Capital, Winslow Capital, and other mutual fund partners. After announcing their series F funding round, Peloton also announced that the founding partner of TCv, Jay Hoag will be joining the Peloton board of directors. The company plans on using their series F funding to expand internationally and bring their own treadmill to market.

Timeline

April 3, 2020
Peloton launches an Android TV app.
September 26, 2019
Peloton IPO
August 2, 2018
Peloton raises a $550,000,000 series F round from Balyasny Asset Management, Felix Capital, Fidelity Management & Research Company, GGV Capital, Kleiner Perkins Caufield & Byers, NBCUniversal, TCV, True Ventures, Wellington Management and Winslow Capital Management.
May 24, 2017
Peloton raises a $325,000,000 series E round from Wellington Management.
May 2017
Peloton raises a $325,000,000 series E round from Balyasny Asset Management, Fidelity Investments, GGV Capital, Kleiner Perkins Caufield & Byers, NBCUniversal, QuestMark Partners, True Ventures and Wellington Managment.
April 1, 2014
Series B raised

$10.5m. Lead investors include Tiger Global Management.

December 1, 2012
Series A raised

$3.5m

February 1, 2012
Seed fund raised

$0.4m raised.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Peloton funding round, August 2018
550,000,000
August 2, 2018
3 Results
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People

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LinkedIn

Further reading

Title
Author
Link
Type
Date

As Peloton Preps For An IPO, A Look Back At Its Funding History

Web

Documentaries, videos and podcasts

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Companies

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CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Dave Johnson
April 10, 2021
CNET
Already substantially cheaper than a Peloton, you can save another $425 on the Myx or Myx Plus right now.
Jennifer Still
April 9, 2021
Business Insider
To login to Peloton, you'll need to visit the Members section on the website or tap the Log in button on the Peloton app landing page.
Jason Cartwright
April 1, 2021
techAU
Delivering the best of technology news from Australia and around the globe since 2006.
Dan Avery
March 26, 2021
Mail Online
Apple is considering a new 'Explorer Edition' Apple Watch, with a rubberized frame and extra impact resistance. The smartwatch could be worn while skiing or engaging in other extreme sports.
WIRED Staff
April 2, 2021
Wired
This week, we discuss the Ever Given incident and its lasting implications on the shipping industry. Also, we pick our favorite boat memes.
Connie Loizos
April 1, 2021
TechCrunch
If you watch funding announcements as we do, you may have noticed something this year. There are a lot of mega-rounds coming together, and Tiger Global is involved in a notable number of them, often as the round's co-lead. Just this week alone, half a dozen companies have announced rounds that the New York-based investing [...]
Louryn Strampe
March 30, 2021
Wired
At $120, the Moment MTW Backpack is a great bag at a good price--but the discount ends March 31.
Simon Hill
March 28, 2021
Wired
In these games-within-a-game, you can take a break to go fishing, play a few hands of combat dice, or administer a Voight-Kampff test.
BBC News
March 18, 2021
BBC News
Boss of the hugely-popular home equipment firm warns parents to keep children away from its machines.
Kim Lyons
March 18, 2021
The Verge
A child was killed in an accident involving Peloton's Tread Plus treadmill, CEO John Foley said, adding that the company's equipment should be kept away from children and pets at all times.
USA TODAY
March 9, 2021
USA TODAY
Sam's Club is rolling out a competitor to Peloton, available for $799 and buyers are eligible for a six month free sport membership.
Bethany Biron
March 3, 2021
Business Insider
Myx Fitness and Beachbody are taking their joint company public this spring via a SPAC to best capitalize on the virtual at-home fitness boom.
Becca Farsace
February 25, 2021
The Verge
Apple Fitness Plus is great for beginners. In our long-term review, four different Verge staffers tested out the exercise service against Peloton and our own tendency to just sit on the couch.
Peloton
February 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Peloton freut sich bekannt zu geben, dass sie eine Vereinbarung zur Übernahme von Cevian Technologies getroffen haben. Cevian ist ein...
Peloton
February 24, 2021
www.prnewswire.com:443
/PRNewswire/ -- Peloton a le plaisir d'annoncer avoir conclu un accord en vue d'acquérir Cevian Technologies, une entreprise de logiciels cloud spécialisée...
Peloton
February 23, 2021
www.prnewswire.com:443
/PRNewswire/ -- Peloton se complace anunciar que han entrado en un acuerdo para adquirir Cevian Technologies, una compañía de software basada en la nube que...
Peloton
February 23, 2021
www.prnewswire.com:443
/PRNewswire/- - Peloton se complace en anunciar que ha suscrito un acuerdo para adquirir Cevian Technologies, una empresa de desarrollo de software basado en...
Jon Porter
February 18, 2021
The Verge
Peloton is fighting to have the terms "spin" and "spinning" treated as generic terms, rather than as trademarks held by Mad Dogg. It argues that they've entered into common usage and that they're part of the "fitness lexicon."
USA TODAY
February 13, 2021
USA TODAY
Health and fitness apps, and products such as Peloton exercise bikes, can help you build and maintain strength at home amid the coronavirus pandemic.
Emma Cosgrove
February 5, 2021
Business Insider
Executives bet faster logistics will quell customer fury after pandemic-driven demand for home workouts maxed out its manufacturing capacity.
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References

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