Amazon Alexa Fund and Specialized Bicycle Components vehicle Zone 5 Ventures helped the social exercise platform raise money at a valuation above $1bn.
Zwift, the US-based operator of a social exercise platform, raised $450m yesterday from investors including e-commerce and home electronics firm Amazon’s Alexa Fund and bicycle producer Specialized Bicycle Components’ Zone 5 Ventures fund.
Investment firm KKR led the round, which also featured private equity firm Permira, investment firms Novator Partners and True, venture capital firm Highland Europe and VC fund Causeway Media. It valued the company at more than $1bn, according to TechCrunch.
Founded in 2014, Zwift runs an online…
