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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amazon.com Inc | NASDAQ:AMZN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6.43 | 3.70% | 180.10 | 180.10 | 180.14 | 180.82 | 176.13 | 177.85 | 43,917,795 | 00:58:30 |
From Apr 2019 to Apr 2024
By Colin Kellaher
Online fitness platform Zwift on Wednesday said it raised $450 million in a Series C funding round led by private-equity firm KKR & Co.
A specific valuation wasn't disclosed, but a Zwift representative said it exceeded $1 billion, making Zwift a unicorn, or a privately held startup valued at $1 billion or more.
Private-equity firm Permira, Amazon.com Inc.'s venture-capital fund Amazon Alexa Fund and Specialized Bicycle Components' venture-capital fund also participated in the round as new investors, along with existing investors True, Highland Europe, Novator and Causeway Media, Zwift said.
Zwift's app connects cyclists and runners in 3D computer-generated worlds. The Long Beach, Calif., startup said it will use the investment, which brings total funding to $620 million, to accelerate the development of its core software platform and to bring Zwift-designed hardware to market.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 16, 2020 09:52 ET (13:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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