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Zwift valuation, funding and investors

zwift.com ↗LinkedIn ↗

Zwift works in virtual cycling and running platform development, based in Long Beach, United States. Founded in 2014, it has about 391 employees.

Tech Companies Long Beach Series C
VALUATION · TODAY
$571M −0% after Series C
Range $83.7M – $1.09B · Grade D
TODAY
+12 MO
$500M
$1.00B
$1.50B
$2.00B
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Pre-seed $7.00M
Series A $27.0M
Series B $120M
Series C $450M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY391 employees
+6%6m growth
+7%1y growth
−2%2y growth
250
500
750
Data from Jan 2021
TODAY
Predicted in 1 yr $569M −0% vs today
Predicted next raise $147M if a round comes
Winding-down probability 30%
Last round
Series C · $450M · Sep 2020
Valuation at last round
$1.00B
Headcount
391 · flat
Grade
D
Founded
2014
How VCMC values companies →

Zwift valuation today

VCMC values Zwift at $571M today, with a range of $83.7M to $1.1B and a grade of D. The valuation starts from its last funding round, a Series C round in Sep 2020.

Valuation by date (159 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Zwift: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2014$4.93M$1.79M – $13.5M$5.17M (+5%)before first round–unknownD0%
1 Feb 2014$4.95M$1.80M – $13.6M$5.19M (+5%)before first round–unknownD0%
1 Mar 2014$4.97M$1.81M – $13.6M$5.21M (+5%)before first round–unknownD0%
1 Apr 2014$4.99M$1.82M – $13.7M$5.23M (+5%)before first round–unknownD0%
1 May 2014$5.01M$1.82M – $13.8M$5.25M (+5%)before first round–unknownD0%
1 Jun 2014$5.03M$1.83M – $13.8M$5.27M (+5%)before first round–unknownD0%
1 Jul 2014$5.05M$1.84M – $13.9M$5.29M (+5%)before first round–unknownD0%
1 Aug 2014$5.07M$1.84M – $13.9M$5.31M (+5%)before first round–unknownD0%
1 Sep 2014$28.0M$18.4M – $85.2M$56.0M (+100%)after a round–unknownC0%
2 Sep 2014$28.1M$18.4M – $85.2M$56.0M (+100%)after a round–unknownC0%
1 Oct 2014$29.6M$18.4M – $85.2M$56.0M (+89%)after a round–unknownC0%
1 Nov 2014$31.4M$18.4M – $85.2M$56.0M (+78%)after a round–unknownC0%
1 Dec 2014$33.3M$18.4M – $85.2M$56.0M (+68%)after a round–unknownC0%
1 Jan 2015$35.3M$18.4M – $85.2M$56.0M (+59%)after a round–unknownC0%
1 Feb 2015$37.4M$18.4M – $85.2M$56.0M (+50%)after a round–unknownC0%
1 Mar 2015$39.5M$18.4M – $85.2M$56.0M (+42%)after a round–unknownC0%
1 Apr 2015$41.9M$18.4M – $85.2M$56.0M (+34%)after a round–unknownC0%
1 May 2015$44.3M$18.4M – $85.2M$56.0M (+26%)after a round–unknownC0%
1 Jun 2015$47.0M$18.4M – $85.2M$56.0M (+19%)after a round–unknownC0%
1 Jul 2015$49.8M$18.4M – $85.2M$56.0M (+13%)after a round–unknownC0%
1 Aug 2015$52.8M$18.4M – $85.2M$56.0M (+6%)after a round–unknownC0%
1 Sep 2015$56.0M$18.4M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Oct 2015$56.0M$17.5M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Nov 2015$56.0M$16.6M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Dec 2015$56.0M$15.8M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Jan 2016$56.0M$15.1M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Feb 2016$56.0M$14.3M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Mar 2016$56.0M$13.6M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Apr 2016$56.0M$13.0M – $85.2M$56.0M (0%)after a round–unknownC0%
1 May 2016$56.0M$12.3M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Jun 2016$56.0M$11.7M – $85.2M$56.0M (0%)after a round–unknownC0%
1 Jul 2016$56.0M$11.2M – $85.2M$56.0M (0%)after a round–unknownD0%
1 Aug 2016$56.0M$10.6M – $85.2M$56.0M (0%)after a round–unknownD0%
1 Sep 2016$56.0M$10.1M – $85.2M$56.0M (0%)after a round–unknownD0%
1 Oct 2016$56.0M$9.60M – $85.2M$56.0M (0%)after a round–unknownD0%
1 Nov 2016$56.0M$9.13M – $85.2M$56.0M (0%)after a round–unknownD0%
17 Nov 2016$132M$92.8M – $337M$237M (+80%)after a round–unknownC0%
1 Dec 2016$135M$92.8M – $337M$237M (+76%)after a round–unknownC0%
1 Jan 2017$142M$92.8M – $337M$237M (+67%)after a round–unknownC0%
1 Feb 2017$149M$92.8M – $337M$237M (+59%)after a round–unknownC0%
1 Mar 2017$156M$92.8M – $337M$237M (+52%)after a round–unknownC0%
1 Apr 2017$164M$92.8M – $337M$237M (+45%)after a round–unknownC0%
1 May 2017$172M$92.8M – $337M$237M (+38%)after a round–unknownC0%
1 Jun 2017$181M$92.8M – $337M$237M (+31%)after a round–unknownC0%
1 Jul 2017$190M$92.8M – $337M$237M (+25%)after a round–unknownC0%
1 Aug 2017$200M$92.8M – $337M$237M (+19%)after a round–unknownC0%
1 Sep 2017$210M$92.8M – $337M$237M (+13%)after a round–unknownC0%
1 Oct 2017$220M$92.8M – $337M$237M (+8%)after a round–unknownC0%
1 Nov 2017$231M$92.8M – $337M$237M (+2%)after a round–unknownC0%
1 Dec 2017$237M$90.6M – $337M$237M (0%)after a round–unknownC0%
1 Jan 2018$237M$86.1M – $337M$237M (0%)after a round–unknownC0%
1 Feb 2018$237M$81.8M – $337M$237M (0%)after a round–unknownC0%
1 Mar 2018$237M$78.2M – $337M$237M (0%)after a round–unknownC0%
1 Apr 2018$237M$74.3M – $337M$237M (0%)after a round–unknownC0%
1 May 2018$237M$70.7M – $337M$237M (0%)after a round–unknownC0%
1 Jun 2018$237M$67.2M – $337M$237M (0%)after a round–unknownC0%
1 Jul 2018$237M$64.0M – $337M$237M (0%)after a round–unknownC0%
1 Aug 2018$237M$60.8M – $337M$237M (0%)after a round–unknownC0%
1 Sep 2018$237M$57.8M – $337M$237M (0%)after a round–unknownC0%
1 Oct 2018$237M$55.0M – $337M$237M (0%)after a round–unknownC0%
1 Nov 2018$237M$52.3M – $337M$237M (0%)after a round–unknownC0%
1 Dec 2018$237M$49.7M – $337M$237M (0%)after a round–unknownC0%
20 Dec 2018$706M$497M – $1.5B$1.1B (+50%)after a round–unknownB0%
1 Jan 2019$715M$497M – $1.5B$1.1B (+48%)after a round–unknownB0%
1 Feb 2019$741M$497M – $1.5B$1.1B (+43%)after a round–unknownB0%
1 Mar 2019$764M$497M – $1.5B$1.1B (+38%)after a round–unknownB0%
1 Apr 2019$791M$497M – $1.5B$1.1B (+34%)after a round–unknownB0%
1 May 2019$817M$497M – $1.5B$1.1B (+29%)after a round–unknownB0%
1 Jun 2019$846M$497M – $1.5B$1.1B (+25%)after a round–unknownB0%
1 Jul 2019$875M$497M – $1.5B$1.1B (+21%)after a round–unknownB0%
1 Aug 2019$905M$497M – $1.5B$1.1B (+17%)after a round–unknownB0%
1 Sep 2019$937M$497M – $1.5B$1.1B (+13%)after a round–unknownB0%
1 Oct 2019$969M$497M – $1.5B$1.1B (+9%)after a round–unknownB0%
1 Nov 2019$1.0B$497M – $1.5B$1.1B (+6%)after a round–unknownB0%
1 Dec 2019$1.0B$497M – $1.5B$1.1B (+2%)after a round–unknownB0%
1 Jan 2020$1.1B$488M – $1.5B$1.1B (0%)after a round–unknownB0%
1 Feb 2020$1.1B$467M – $1.5B$1.1B (0%)after a round–unknownB0%
1 Mar 2020$1.1B$448M – $1.5B$1.1B (0%)after a round–unknownC0%
1 Apr 2020$1.1B$429M – $1.5B$1.1B (0%)after a round–unknownC0%
1 May 2020$1.1B$411M – $1.5B$1.1B (0%)after a round–unknownC0%
1 Jun 2020$1.1B$393M – $1.5B$1.1B (0%)after a round–unknownC0%
1 Jul 2020$1.1B$376M – $1.5B$1.1B (0%)after a round–unknownC0%
1 Aug 2020$1.1B$360M – $1.5B$1.1B (0%)after a round–unknownC0%
1 Sep 2020$1.1B$345M – $1.5B$1.1B (0%)after a round–unknownC0%
17 Sep 2020$1.0B$869M – $1.5B$1.3B (+30%)after a round–unknownA0%
1 Oct 2020$1.0B$869M – $1.5B$1.3B (+29%)after a round–unknownA0%
1 Nov 2020$1.0B$869M – $1.5B$1.3B (+26%)after a round–unknownA0%
1 Dec 2020$1.1B$869M – $1.5B$1.3B (+23%)after a round–unknownA0%
1 Jan 2021$1.1B$869M – $1.5B$1.3B (+20%)after a round350unknownA0%
1 Feb 2021$1.1B$869M – $1.5B$1.3B (+18%)after a round350unknownA0%
1 Mar 2021$1.1B$869M – $1.5B$1.3B (+15%)after a round350unknownA0%
1 Apr 2021$1.2B$869M – $1.5B$1.3B (+13%)after a round350flatA0%
1 May 2021$1.2B$869M – $1.5B$1.3B (+10%)after a round350flatA0%
1 Jun 2021$1.2B$869M – $1.5B$1.3B (+8%)after a round350flatA0%
1 Jul 2021$1.2B$869M – $1.5B$1.3B (+6%)after a round350flatA0%
1 Aug 2021$1.3B$869M – $1.5B$1.3B (+3%)after a round350flatA0%
1 Sep 2021$1.3B$869M – $1.5B$1.3B (+1%)after a round350flatA0%
1 Oct 2021$1.3B$850M – $1.5B$1.3B (0%)after a round350flatA0%
1 Nov 2021$1.3B$812M – $1.5B$1.3B (0%)after a round350flatB0%
1 Dec 2021$1.3B$776M – $1.5B$1.3B (0%)after a round350flatB0%
1 Jan 2022$1.5B$920M – $1.7B$1.5B (0%)after a round620growingB0%
1 Feb 2022$1.5B$935M – $1.7B$1.5B (0%)after a round620growingA0%
1 Mar 2022$1.5B$949M – $1.7B$1.5B (0%)after a round620growingA0%
1 Apr 2022$1.5B$964M – $1.7B$1.5B (0%)after a round620growingA0%
1 May 2022$1.5B$979M – $1.7B$1.5B (0%)after a round620growingA0%
1 Jun 2022$1.5B$996M – $1.7B$1.5B (0%)after a round620growingA0%
1 Jul 2022$1.5B$1.0B – $1.7B$1.5B (0%)after a round620growingA0%
1 Aug 2022$1.5B$1.0B – $1.7B$1.5B (0%)after a round620growingA0%
1 Sep 2022$1.5B$1.0B – $1.7B$1.5B (0%)after a round620growingA0%
1 Oct 2022$1.5B$1.0B – $1.7B$1.5B (0%)after a round620growingA0%
1 Nov 2022$1.5B$502M – $1.7B$1.5B (0%)after a round620unknownC0%
1 Dec 2022$1.5B$478M – $1.7B$1.5B (0%)after a round620unknownC0%
1 Jan 2023$1.5B$454M – $1.7B$1.5B (0%)after a round620unknownC0%
1 Feb 2023$1.5B$432M – $1.7B$1.5B (0%)after a round620unknownC0%
1 Mar 2023$1.5B$412M – $1.7B$1.5B (0%)after a round620unknownC0%
1 Apr 2023$701M$375M – $1.5B$448M (-36%)after a round510downC97%
1 May 2023$685M$357M – $1.5B$434M (-37%)after a round510downC97%
1 Jun 2023$668M$340M – $1.6B$420M (-37%)after a round510downC97%
1 Jul 2023$652M$323M – $1.6B$407M (-38%)after a round510downC97%
1 Aug 2023$678M$307M – $1.6B$437M (-36%)after a round510unknownC89%
1 Sep 2023$705M$292M – $1.6B$467M (-34%)after a round510unknownC82%
1 Oct 2023$672M$278M – $1.6B$458M (-32%)after a round510flatC76%
1 Nov 2023$694M$264M – $1.6B$483M (-30%)after a round510flatC70%
1 Dec 2023$717M$251M – $1.6B$509M (-29%)after a round510flatC64%
1 Jan 2024$738M$239M – $1.6B$534M (-28%)after a round510flatC59%
1 Feb 2024$759M$227M – $1.6B$558M (-26%)after a round510flatC54%
1 Mar 2024$765M$213M – $1.6B$572M (-25%)after a round470flatC50%
1 Apr 2024$784M$202M – $1.5B$594M (-24%)after a round470flatD46%
1 May 2024$802M$192M – $1.5B$616M (-23%)after a round470flatD42%
1 Jun 2024$812M$183M – $1.5B$630M (-22%)after a round470flatD39%
1 Jul 2024$798M$174M – $1.5B$618M (-22%)after a round470flatD39%
1 Aug 2024$373M$160M – $1.5B$234M (-37%)after a round400downD97%
1 Sep 2024$361M$152M – $1.5B$234M (-35%)after a round400downD97%
1 Oct 2024$324M$144M – $1.5B$234M (-28%)after a round400downD97%
1 Nov 2024$313M$137M – $1.5B$234M (-25%)after a round400downD97%
1 Dec 2024$303M$131M – $1.5B$234M (-23%)after a round400downD97%
1 Jan 2025$292M$124M – $1.5B$234M (-20%)after a round400downD97%
1 Feb 2025$282M$118M – $1.5B$234M (-17%)after a round400downD97%
1 Mar 2025$274M$113M – $1.5B$233M (-15%)after a round400downD97%
1 Apr 2025$264M$107M – $1.5B$233M (-12%)after a round400downD97%
1 May 2025$288M$102M – $1.5B$263M (-9%)after a round400downD89%
1 Jun 2025$295M$96.9M – $1.5B$278M (-6%)after a round400downD86%
1 Jul 2025$235M$90.7M – $1.5B$230M (-2%)after a round372downD97%
1 Aug 2025$229M$87.7M – $1.5B$229M (0%)after a round365downD97%
1 Sep 2025$229M$87.7M – $1.5B$229M (0%)after a round365downD97%
1 Oct 2025$259M$87.7M – $1.5B$214M (-17%)after a round365flatD89%
1 Nov 2025$290M$87.8M – $1.5B$242M (-16%)after a round367flatD82%
1 Dec 2025$321M$87.8M – $1.4B$272M (-15%)after a round367flatD76%
1 Jan 2026$352M$87.8M – $1.4B$302M (-14%)after a round367flatD70%
1 Feb 2026$384M$88.0M – $1.4B$333M (-13%)after a round369flatD64%
1 Mar 2026$414M$88.0M – $1.4B$364M (-12%)after a round369flatD59%
1 Apr 2026$444M$88.0M – $1.3B$395M (-11%)after a round369flatD54%
1 May 2026$475M$88.4M – $1.3B$428M (-10%)after a round378flatD50%
1 Jun 2026$507M$88.4M – $1.3B$459M (-10%)after a round378flatD46%
1 Jul 2026$534M$88.4M – $1.3B$489M (-8%)after a round378flatD42%
1 Aug 2026$562M$88.4M – $1.3B$518M (-8%)after a round378flatD39%
1 Sep 2026$589M$88.4M – $1.3B$547M (-7%)after a round378flatD36%
1 Oct 2026$583M$89.1M – $1.1B$579M (-1%)after a round391flatD33%
24 Oct 2026$571M$83.7M – $1.1B$569M (0%)after a round391flatD30%

Key facts about Zwift

Founded
2014
Headquarters
Long Beach, United States
Employees
about 391 +7% in a year
Total raised
$604M
Funding rounds
4
Last round
Series C Sep 2020

Zwift was founded in 2014 by Alarik Myrin, Eric Min, Jon Mayfield and Scott Barger.

Zwift funding history

Zwift has 4 funding rounds on record, from Sep 2014 to Sep 2020, $604M in total. The latest disclosed valuation is $1.00B post-money (Series C, Sep 2020).

  1. Series C 16 Sep 2020

    Led by KKR; with Permira, Specialized Bicycle Components’ venture capital fund, Zone 5 Ventures, Amazon Alexa Fund, True, Highland Europe, Novator, Causeway.

    Sources: news.zwift.com

    $450M

    $1.00B post-money

  2. Series B 19 Dec 2018

    Led by Highland Europe; with True, Causeway, Novator.

    Sources: pulse2.com

    $120M

  3. Series A 16 Nov 2016

    Led by Novator Partners, Novotor; with Shasta Ventures, Waypoint Capital, Samchuly Co.. Individuals: Max Levchin.

    Sources: techcrunch.com, roadbikereview.com, bicycleretailer.com

    $27M

  4. Pre-Seed 1 Sep 2014

    Investors not disclosed.

    Sources: cnbc.com

    $7.0M

Zwift investors

14 investors have backed Zwift; Highland Europe, KKR and Novator Partners and 1 more led at least one round.

  • KKR lead
  • Novator Partners lead
  • Novotor lead
  • Novator 2 rounds
  • Amazon Alexa Fund
  • Samchuly Co.
  • Shasta Ventures
  • Specialized Bicycle Components’ venture capital fund
  • Waypoint Capital
  • Zone 5 Ventures

What Zwift does

Zwift works in tech companies, with 9 recorded offerings and customers in fitness and wellness and gaming.

Zwift, Inc. is an American company that develops and operates a virtual cycling and running platform, providing digital training and competition experiences for indoor cycling and running. The company offers a subscription-based membership model, a retail store for fitness equipment, and integrates with third-party fitness apps and smart devices. Zwift serves a global user base and collaborates with partners and affiliates to support its platform.

Description from Veridion's company data.

Products and services

  • Virtual Cycling and Running Platform Development
  • Indoor Cycling and Running Workout Delivery
  • Group Ride and Racing Event Hosting
  • Fitness Equipment Retail
  • Fitness Apparel and Gear Retail
  • Community Engagement Services
  • Fitness App Integration Services
  • Multi-Device Fitness Platform Accessibility
  • Subscription-Based Fitness Membership Services

Markets

  • Fitness and Wellness
  • Gaming

Business model

  • Business-to-Consumer
  • Retail
  • Entertainment
  • Subscription-Based
  • E-commerce

Industry codes (NAICS)

  • 513210 Software Publishers 75% match
  • 459110 Sporting Goods Retailers 25% match

Questions about Zwift

What is Zwift worth?

Valuation $571M (range $83.7M to $1.1B), as of 24 Oct 2026. The last disclosed valuation was $1.00B (Series C, Sep 2020).

Has Zwift raised money?

Zwift has 4 funding rounds on record, from Sep 2014 to Sep 2020, $604M in total. The latest disclosed valuation is $1.00B post-money (Series C, Sep 2020).

Who has invested in Zwift?

Highland Europe, KKR, Novator Partners, Novotor, Causeway and Novator, and 8 more. Lead investors include Highland Europe, KKR, Novator Partners and Novotor.

How many people work at Zwift?

About 391, up 7% over the last year. Headcount rose from 350 in Jan 2021 to 620 in Jan 2022, then fell to 391 in Sep 2026.

What does Zwift do?

Zwift works in tech companies, with 9 recorded offerings and customers in fitness and wellness and gaming. Its main offerings are virtual cycling and running platform development, indoor cycling and running workout delivery and group ride and racing event hosting.

When was Zwift founded, and where is it based?

Zwift was founded in 2014 and is based in Long Beach, United States. It has about 391 employees, up 7% over the last year.

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