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.
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.
$10.5m. Lead investors include Tiger Global Management.
As Peloton Preps For An IPO, A Look Back At Its Funding History