Zwift logo
Founded 2014

Zwift

2017 Revenue

$36.0M

YOY

Funding

$607.2M

Overview

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

$3.0M

Total Expenses

$3.0M

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Zwift CEO Eric MIn on 12/01/2020

Watch the podcast


Headquarters

301 East Ocean Boulevard Long BeachCaliforniaUnited States
Website

zwift.com

Zwift Revenue vs Funding

$Funding$Revenue

Revenue

In 2017, Zwift revenue run rate hit $36.0M in revenue.

$36.0M

Funding History

Zwift has raised a total of $607.2M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation
09/16/2020$450.0M$1.0B
12/01/2018$120.0M
11/01/2016$27.2M
12/01/2015$10.0M

Customers

Zwift has 300K customers.

Lifetime Months

33

×
Monthly ARPU

$10.0

=
Lifetime Dollars

$333.0


Acquisition Cost

Average Annual Price

$120.0

$0$120.0024681012

Churn

Zwift has an annual churn rate of 36.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-36.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

64.00%

Team

Employees

Zwift has 374 employees. They have 8 sales reps that carry a quota, an engineering team of 80 and a marketing team of 38.

2017201820192020-40.00%▼48.00%▲-2.00%▼
DistributionQty

Total Team Size

374

Engineers

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.


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 Board of Directors

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

Zwift Executives

NamePosition
Eric MinChief Executive Officer, Co-Founder
Steve BeckettChief Marketing Officer
David RentonChief Operating Officer
Lee ReadmanChief People Officer
Alarik MyrinCo-Founder, Chief Strategy Officer

Zwift Employees

NamePosition
Michelle TylerBackend Software Engineer
TIM SEARLEBrand Ambassador
George GilbertChair Zwift Cycling Esports Commission
Scott BargerCo-Founder, Advisor
Jon MayfieldCo-Founder, Head of Product
Andrew TilinContent Contributor
Wes SulzbergerCountry Manager Australia New Zealand
Karn KaulGameplay Programmer
Alexandra WahlGerman Linguist
Ed BakerInvestor Advisor
Rahsaan BahatiMarketing and Brand Manager
Matteo CassinaPrivate Investor
Chris RomeroPrivate Investor
Michael WaiteSenior Creative Director
Bob GarnerSenior Mobile Engineer
Ahmed NuaimiSenior Software Engineer - Backend
Annie BonetaSenior Talent Engagment Partner
Jordan RappSoftware Engineer
Felipe NascimentoSoftware Engineering Manager
Jason WeemanSr. Director of People Performance Growth
Richard MelikTriathlon Strategy Consultant
Shayne GaffneyWorkout Content Editor
Leon Van BonZwift Representative The Netherland

Frequently Asked Questions about Zwift

When was Zwift founded?

Zwift was founded in 2014.


Who is the CEO of Zwift?

The CEO of Zwift is Eric MIn


How many employees does Zwift have?

Zwift has 374 employees.

How much revenue does Zwift generate?

Zwift generates $36.0M in revenue.


How much funding does Zwift have?

Zwift has raised $607.2M.


Where is Zwift headquarters?

Zwift is headquartered at 301 East Ocean Boulevard Long BeachCaliforniaUnited States

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