Exercise Professionals - Online cycling racing platform Zwift secures US$120m funding...
17 Jan 2019 Exercise professionals: News, jobs and training
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

27 Dec 2018

Online cycling racing platform Zwift secures US$120m funding
BY Tom Walker

The Zwift app enables users to ride or run with friends from all over the globe

The Zwift app enables users to ride or run with friends from all over the globe

Zwift, a multiplayer online training and racing platform for cyclists and runners, has secured US$120m worth of series B funding.

The company will use the investment in growing its new running discipline and also to expand into esports.

The Zwift app enables users to ride or run with friends from all over the globe, complete structured workouts, and participate in group events in several virtual environments.

Riders from around the globe can train and compete with each other in 3D-generated worlds by connecting their existing devices and hardware – such as cycle trainers, power meters, treadmills and heart rate monitors – wirelessly via open hardware such as ANT+ and BLE.

The Series B round was led by Highland Europe – whose existing investments include fitness equipment provider eGym and file transfer giant WeTransfer. It also included injections from True, the leisure investment firm behind the Ribble cycling brand; Causeway Media, an investor in both traditional sports and esports; and London-based investor Novator.

“Zwift is a fantastically innovative company and they are certainly leading the way in the indoor training space,” says Tony Zappala, partner of Highland Europe.

“It’s a highly scalable business and we’ve been impressed with how they have already managed to expand globally – 70 percent of current subscribers are from outside the US.

"Research points to an audience of 40 million competitive and enthusiast cyclists, and many of those lie in the traditional cycling nations of Central Europe, so in this market alone there is huge growth potential.”

Eric Min, Zwift co-founder and CEO added: “In 2018, more than one third of the Tour de France peloton were Zwifters.

"With that support already in place, we are in the unique position of being able to combine affordable physical endeavour with video gaming technology, ultimately setting the stage for us to become the first true esport of its kind.”

One of the elite riders to back the technology is Mark Cavendish, 2011 World Champion and 30-time Tour de France stage winner.

“Zwift has transformed the way the professional peloton trains.” Cavendish said. “Before Zwift, there is no way I would have chosen to ride an indoor trainer.

"Now though, I genuinely enjoy it - it appeals to the gamer in me. Riders like myself are genuinely fitter now, thanks to Zwift.”

Zwift is currently available on PC, Mac, Apple TV, iOS and Android.




Connect with
Exercise Professionals
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
UFC Gym to open first two UK sites in April
UFC Gym to open first two UK sites in April   16 Jan 2019

Franchised fitness operator UFC Gym has revealed that it will open its first UK locations in Nottingham and Woking. The US-based company is set to .... more>>
GLL and STA partnership delivers 'boosts in swim teacher numbers'
GLL and STA partnership delivers 'boosts in swim teacher numbers'   15 Jan 2019

A partnership between leisure operator GLL and the Swimming Teachers' Association (STA) – designed to address the national shortage of swim teachers .... more>>
Tesco signs Gympass deal to offer discounted fitness to 300,000 staff members
Tesco signs Gympass deal to offer discounted fitness to 300,000 staff members   15 Jan 2019

Tesco has signed a corporate fitness deal with Gympass, which will see the retail giant's 300,000 staff members being offered subsidised gym .... more>>
Bungee Workout launches onto UK market
Bungee Workout launches onto UK market   14 Jan 2019

Bungee Workout, which offers group fitness classes utilising the increasingly popular, acrobatics-style indoor bungee technology, has launched on the .... more>>
Campaign launched to raise awareness of work of leisure trusts
Campaign launched to raise awareness of work of leisure trusts   14 Jan 2019

A campaign has been launched to raise awareness of the way leisure trusts operate – including their ethos on protecting services and serving local .... more>>
ukactive adds sector representatives to Membership and Supplier Councils
ukactive adds sector representatives to Membership and Supplier Councils   14 Jan 2019

ukactive has appointed six additional sector professional to its Membership Council and Supplier Council. The additions are part of ukactive's .... more>>
Company profile


Netpulse

Netpulse integrates fully with the leading fitness tracking devices and fitness apps, major cardio brands and member management software.

View full profile>>

Catalogue gallery


Featured Supplier

Spa Vision: recommending the right treatment table for your spa

Spa Vision: recommending the right treatment table for your spa

As leading experts, Spa Vision supplies, procures and consults for the spa, health, beauty and wellness industries More>>




in this issue

• Long-term plan for NHS published
• NIHR to study role of exercise in cancer care
• Hilton unveils quayside hotel in London



Latest jobs

Jobs Search



Gym Trainer - Manchester Fallowfield
Salary: Fantastic Benefits
Location: Greater Manchester, England
Company: The Gym Group
Personal Trainers
Salary: 100% of your PT earnings
Location: Newport, UK
Company: The Gym Group
Personal Trainer / Fitness Trainer
Salary: Keep 100% of your earnings
Location: West Yorkshire, England, UK
Company: The Gym Group
Extreme Sport Supervisor
Salary: UP to £11,160 per annum based on 20 hours per week
Location: London, UK
Company: GLL
Diary dates
Powered by leisurediary.com




15-17 Jan 2019

EAG International

ExCel London Exhibition Centre, London,


15-17 Jan 2019

Visitor Attraction Expo

ExCel London Exhibition Centre, London, United Kingdom



Health Club Management magazine 2019 issue 1
Health Club Management
2019 issue 1

View issue contents
View on turning pages
Download PDF
  Interview: Peter Wright
The new CEO of Xercise4Less – one of the founders of Virgin Active – says the budget operator is gearing up to double in size More>>
  Interview: Joe Gaunt
After a career with Virgin Active, Fitness First and WeWork, Gaunt has devised and launched a new fitness business called Hero. He explains the concept to Kate Cracknell More>>


Health Club Management magazine 2018 issue 11

Health Club Management
2018 issue 11

View issue contents
View turning pages
Download PDF
  Promotional feature: Les Mills
How blockbuster fitness became a box office hit More>>
  Partnerships: No claim bonuses
Insurance companies are focusing on fitness and rewarding healthy behaviours in order to reduce claims More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd