Online fitness platform Zwift has secured $US450 million ($625 million) in funding on the back of a boom in virtual fitness driven by the coronavirus pandemic | carawaters
"I think like many of the digital businesses, internet businesses, we've benefited from from this pandemic," founder and chief executive Eric Min told. "What was clear was that people crave that social connection and digital was was perfectly fine."to enable users to follow virtual courses on their indoor bikes and treadmills and train and race with an online community.The startup headquartered in London has 2.
Mr Min said the funds will be used to accelerate the development of Zwift’s core software platform and bring Zwift-designed hardware to market. Mr Min said the only thing that had hampered Zwift's growth during COVID-19 was suppliers running out of hardware. Mr Min said Zwift differed to competitor Peloton which listed on the Nasdaq last year and is valued at $US23 billion as it was more focused on fitness while Zwift focused on sport.
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