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Zwift revenue is $36 million

Zwift is worth $1 billion valuation

Zwift team size is 374 employees


How did Latka collect this data?

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Latka collected this data by interviewing Zwift CEO Eric Min on 04/10/2010

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Zwift

301-East Ocean Boulevard Long Beach, California, United States

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How Zwift hit $36M Revenue with 300K customers in 2022.

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...

Founded

2014

Founded

Revenue

$36M

2022 Revenue

YOY
-----

YOY

Funding

$619.5M

Funding


Zwift Revenue

In 2022, Zwift revenue run rate hit $36M in revenue.

  • 2017

    Zwift hit $36M in revenue in 2017

  • 2014

    Zwift launched in 2014 with $0 revenue

$36M

Zwift Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2020 Series C

    Zwift raised a Series C of $450M at a $1B valuation in September 2020

  • 2018 Series B

    Zwift raised a Series B of $125M

  • 2016 Series A

    Zwift raised a Series A of $27.2M

  • 2015 Angel Round

    Zwift raised a Angel Round of $10M

  • 2014 Angel Round

    Zwift raised a Angel Round of $7M

  • 2014 Seed Round

    Zwift raised a Seed Round of $350K

FUNDING DATEROUNDAMOUNTVALUATION
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

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

2017201820192020-40▼48▲-2▼
DISTRIBUTIONQTY
Total team size
374
Engineer
80(21%)
Sales
8(2%)
Marketing
38(10%)

CEO/Founder

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

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


Customers

Zwift has 300K customers.

Lifetime Months

34

x

Monthly ARPU

$10

=

Lifetime Dollar

$333.3

Acquisition Cost

-

Average Annual Price

$120

$0$120024681012
$0$120024681012

Churn

Zwift has an annual churn rate of 36.00%.

-100-500%50100

Gross Annual Dollar Churn

-36.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

64.00%


About Zwift

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

NamePosition
Stephen ShanleyBoard Member
Ji MinBoard Member
Alexander PapadimitriouBoard Member
Paul CockerBoard Observer
Birgir RagnarssonBoard Member
Andrew YoungBoard Observer

Zwift Executives

NamePosition
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

NamePosition
Eric Min Chief Executive OfficerCo-Founder
Jon Mayfield Co-FounderHead of Product
David Renton Chief Operating Officer
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