Zwift, Now Valued at Over $1.37 Billion, Developing Its Own Trainer

By Phil Latz | 30th October 2020 |

Zwift, a 350-person, Long Beach, California-based online fitness platform that immerses cyclists and runners in 3D-generated worlds, just raised a hefty US$450 million (A$616 million) in funding led by the investment firm KKR in exchange for a minority stake in its business. Permira, the Amazon Alexa Fund and Specialized Bicycle’s venture capital fund, Zone 5…