How Zwift hit $103M revenue and 300K customers in 2023.
The company that owns Zwift.com is called Zwift, Inc. It was founded in 2014 and is headquartered in Long Beach, California, USA. Zwift is a platform that combines indoor cycling with video game elements, allowing users to ride virtual courses with other cyclists from around the world. The company offers various features and functionalities, including personalized training programs, virtual races, and social networking options for its users. Since its launch, Zwift has become one of the most popular indoor cycling platforms, with millions of users worldwide.
2014
Founded
$103M
2023 Revenue
31.04%
YOY
$619.6M
Funding
Zwift Revenue
In 2023, Zwift revenue run rate hit $103M in revenue.
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2023
Zwift hit $103M in revenue in 2023
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2017
Zwift hit $36M in revenue in 2017
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2014
Zwift launched in 2014 with $0 revenue
Zwift Funding History
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2020 Series C
Zwift raised a Series C of in September, 2020
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2018 Series B
Zwift raised a Series B of in December, 2018
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2018 Secondary Market
Zwift raised a Secondary Market of in January, 2018
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2016 Series A
Zwift raised a Series A of in November, 2016
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2015 Angel Round
Zwift raised a Angel Round of in December, 2015
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2014 Angel Round
Zwift raised a Angel Round of in September, 2014
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2014 Seed Round
Zwift raised a Seed Round of in January, 2014
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2010 Secondary Market
Zwift raised a Secondary Market of in April, 2010
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| September, 16 2020 | Series C | ||
| December, 19 2018 | Series B | ||
| January, 10 2018 | Secondary Market | ||
| November, 01 2016 | Series A | ||
| December, 01 2015 | Angel Round | ||
| September, 30 2014 | Angel Round | ||
| January, 31 2014 | Seed Round | ||
| April, 10 2010 | Secondary Market |
Team
Zwift has 551 total employees and 8 sales reps that carry a quota. They have 300,000 customers an engineering team of 131 and a marketing team of 38.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 551 |
| Engineer | 131 (24%) |
| Sales | 8 (1%) |
| Marketing | 38 (7%) |
Founder / CEO
Eric Min
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.
Q&A
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What's your age?
51
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Favorite online tool?
Slack 21:05
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Favorite book?
Chrossing the chasm
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Favorite CEO?
Max Levchin
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Advice for 20 year old self
Started earlier
Customers
Churn
Zwift Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Eric Min | Chief Executive Officer, Co-Founder | [email protected] | [email protected] |
Zwift Employees
Zwift Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Stephen Shanley | Board Member | - | [email protected] |
| Andrew Young | Board Member | [email protected] | - |
| Ji Min | Board Member | - | [email protected] |
| Alexander Papadimitriou | Board Member | - | - |
| Paul Cocker | Board Observer | - | - |
| Birgir Ragnarsson | Board Member | [email protected] | - |
| Andrew Young | Board Observer | - | [email protected] |
| Scott Barger | Board Member | - | - |
Frequently Asked Questions about Zwift
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When was Zwift founded?
Zwift was founded in 2014.
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How much revenue does Zwift generate?
Zwift generates $103M in revenue.
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Who is the CEO of Zwift
The CEO of Zwift is Eric Min.
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How much funding does Zwift have?
Zwift raised $619.6M.
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How many employees does Zwift have?
Zwift has 551 employees.
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Where is Zwift headquarters?
Zwift is headquartered at 111 W Ocean Blvd Ste 1800, Long Beach, California, 90802, United States
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