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Zwift

Zwift

Zwift is an interactive fitness entertainment platform that brings the excitement and camaraderie of outdoor cycling indoors. It transforms monotonous solo indoor cycling workouts into dynamic and social adventures that entertain and motivate.

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Contents

zwift.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Application software
Application software
Location
Long Beach, Mississippi
Long Beach, Mississippi
CEO
Eric Min
Eric Min
Founder
Eric Min
Eric Min
Alarik Myrin
Alarik Myrin
Pitchbook URL
pitchbook.com/profiles...117491-32
Number of Employees (Ranges)
501 – 1,000
Number of Employees
664
Investors
Eric Min
Eric Min
KKR
KKR
Permira
Permira
Novator Partners
Novator Partners
Causeway Media Partners
Causeway Media Partners
True.
True.
Highland Europe
Highland Europe
Ilkka Paananen
Ilkka Paananen
0
...
Total Funding Amount (USD)
614,350,000
Latest Funding Round Date
September 16, 2020
Competitors
Liftopia
Liftopia
GoSnow
GoSnow
Proday
Proday
Gympass
Gympass
arketa
arketa
Kitman Labs
Kitman Labs
Latest Funding Type
Series C
Series C

Other attributes

Company Operating Status
Active
Postmoney Valuation
1,000,000,000
Latest Funding Round Amount (USD)
450,000,000

Zwift is a massively multiplayer online cycling and running physical training program that enables users to interact, train and compete in a virtual world.[1] The company responsible for Zwift, Zwift Inc., was co-founded by Jon Mayfield, Eric Min, Scott Barger and Alarik Myrin in California, United States, in 2014.[2][3] The Zwift game was released in its beta version in September 2014[4] and became a paid product with a fee of $10 per month in October 2015.[5] They raised their monthly membership to $14.99 in November 2017.

Early history

In 2012/13 Eric Min had recently sold his previous company, Sakonnet Technology.[7] Min, a lifelong cyclist, found himself confined to riding indoors, and dissatisfied with current interactive options, he believed he could improve on them by "making cycling social".[8] Around this time, Min saw an online post by programmer Jon Mayfield describing a "3D trainer program" he was developing as a hobby project. Min promptly contacted Mayfield, making arrangements to fly to Los Angeles to speak to him; the two agreed to co-found a company around the project.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Zwift

https://en.wikipedia.org/wiki/Zwift

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References

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