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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, GGV Capital, Kleiner Perkins Caufield & Byers, NBCUniversal, TCV, True Ventures and Winslow Capital Management.
May 24, 2017
Peloton raises a $325,000,000 series E round.
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

People

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LinkedIn

Further reading

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Author
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Type
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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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News

Title
Author
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Description
By KEN SWEET
December 1, 2021
AP NEWS
SAN FRANCISCO (AP) -- As Americans shop for the holidays, they will likely see a swarm of offers to get their gifts now but pay for them later in fixed monthly installments. Fueled by several hot Silicon Valley startups as well as a push by the big credit card companies, "buy now, pay later" is now available for purchasing a $1,500 Peloton exercise bicycle as well as a $60 floral bouquet.
Mohan Subramaniam
September 21, 2021
Harvard Business Review
A framework to ensure your digital investments are driven by strategic objectives.
Financial Post Staff
September 17, 2021
financialpost
These are the videos that are racking up the views this week
Larysa Harapyn
September 13, 2021
financialpost
Watch: Peloton's president William Lynch on the company's ambitions to bring its fitness product into more homes
Brian Heater
September 8, 2021
TechCrunch
It's been a wildly unprecedented year and a half by any metric. The pandemic has utterly transformed many industries and made or broken others. In the world of technology, however, few categories were as well positioned to embrace a changed world than connected fitness. The space was well on its way prior to the arrival [...]
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References

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