Zwift revenue is $36 million
Zwift is worth $1 billion valuation
Zwift team size is 374 employees
How Zwift hit $36M Revenue with 300K customers in 2022.
Zwift Revenue
In 2022, Zwift revenue run rate hit $36M in revenue.
How did Latka collect this data?
Latka collected this data by interviewing Zwift CEO Eric Min on 04/19/2022
CEO/Founder
Previously Vice President at JP Morgan. Later going on to co-found and work as CEO of Sakonnet Technology, a commodities trading and risk management platform, before applying his passion for fitness to co-found Zwift.
CEO Q&A
WHAT`S YOUR AGE?
50
FAVORITE ONLINE TOOL?
Slack 21:05
FAVORITE BOOK?
Chrossing the chasm
FAVORITE CEO?
Max Levchin
ADVICE FOR 20 YEAR OLD SELF
Started earlier
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Zwift Funding History
| FUNDING DATE | ROUND | AMOUNT | TOTAL | VALUATION |
|---|---|---|---|---|
| 09/16/2020 | Series C | $450M | $1B | |
| 12/19/2018 | Series B | $125M | ||
| 11/01/2016 | Series A | $27.2M | ||
| 12/01/2015 | Angel Round | $10M | ||
| 09/30/2014 | Angel Round | $7M | ||
| 01/31/2014 | Seed Round | $350K |
Team
Employees
Zwift has 374 total employees and 8 sales reps that carry a quota. They have 300000 customers an engineering team of 80 and a marketing team of 38
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 374 |
| Engineer | 80(21%) |
| Sales | 8(2%) |
| Marketing | 38(10%) |
Customers
Zwift has 300K customers.
LIFETIME MONTHS
34
x
MONTHLY ARPU
$10
=
LIFETIME DOLLAR
$333.3
ACQUISITION COST
-
AVERAGE ANNUAL PRICE
$120
Churn
Zwift has an annual churn rate of 36.00%.
GROSS ANNUAL DOLLAR CHURN
-36.00%
ANNUAL DOLLAR EXPANSION
0.00%
NET REVENUE RETENTION
64.00%
About Zwift
Zwift translates your real world effort into speed in the digital one. Your power, measured by the watts you produce, propels you through the digital landscape. Just like the real world, your speed is adjusted for your height, weight and the road gr...
Monthly Revenue
$3M
-
Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA MARGIN
0.0%
+
YOY GROWTH
0.0%
=
Rule of 40
0
Zwift Board of Directors
| Name | Position |
|---|---|
| Stephen Shanley | Board Member |
| Ji Min | Board Member |
| Alexander Papadimitriou | Board Member |
| Paul Cocker | Board Observer |
| Birgir Ragnarsson | Board Member |
| Andrew Young | Board Observer |
Zwift Executives
| Name | Position |
|---|---|
| Eric Min | Chief Executive OfficerCo-Founder |
| David Renton | Chief Operating Officer |
| Steve Beckett | Chief Marketing Officer |
| Lee Readman | Chief People Officer |
| Alarik Myrin | Co-FounderChief Strategy Officer |
Zwift Employees
| Name | Position |
|---|---|
| Eric Min | Chief Executive OfficerCo-Founder |
| David Renton | Chief Operating Officer |
| Jon Mayfield | Co-FounderHead of Product |
| Michelle Tyler | Backend Software Engineer |
| Matteo Cassina | Private Investor |
| Steve Beckett | Chief Marketing Officer |
| Bob Garner | Senior Mobile Engineer |
| Lee Readman | Chief People Officer |
| Alarik Myrin | Co-FounderChief Strategy Officer |
| Stephen Shanley | Board Member |
| Alexandra Wahl | German Linguist |
| Jordan Rapp | Software Engineer |
| Chris Romero | Private Investor |
| Ed Baker | Investor Advisor |
| Ji Min | Board Member |
| George Gilbert | Chair Zwift Cycling Esports Commission |
| Alexander Papadimitriou | Board Member |
| Paul Cocker | Board Observer |
| Felipe Nascimento | Software Engineering Manager |
| Karn Kaul | Gameplay Programmer |
| Scott Barger | Co-FounderAdvisor |
| Wes Sulzberger | Country Manager Australia New Zealand |
| TIM SEARLE | Brand Ambassador |
| Ahmed Nuaimi | Senior Software Engineer - Backend |
| Andrew Tilin | Content Contributor |
| Michael Waite | Senior Creative Director |
| Shayne Gaffney | Workout Content Editor |
| Birgir Ragnarsson | Board Member |
| Annie Boneta | Senior Talent Engagment Partner |
| Rahsaan Bahati | Marketing and Brand Manager |
| Jason Weeman | Sr. Director of People Performance Growth |
| Richard Melik | Triathlon Strategy Consultant |
| Leon Van Bon | Zwift Representative The Netherland |
| Andrew Young | Board Observer |
Frequently Asked Questions about Zwift
When was Zwift founded?
Zwift was founded in 2014.
How much revenue does Zwift generate?
Zwift generates $36M in revenue.
Who is the CEO of Zwift?
The CEO of Zwift is Eric Min.
How much funding does Zwift have?
Zwift was raised $619.5M.
How many employees does Zwift have?
Zwift has raised 374 employees.
Where is Zwift headquarters?
Zwift headquater is at United States