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Revenue Leaderboard › Vertical SaaS
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#1653 by ARRCalifornia, USzwift.com ↗

Zwift

Zwift sells a subscription app for virtual indoor cycling and running, plus its own smart trainers and bikes, to home-fitness cyclists, runners and esports racers.

SaaSVertical SaaS
ARR
$103M revenue (est.)
as of Oct 2026
Employees
372
as of Oct 2026
Valuation
$1B
9.7× ARR
ARR / employee
$277K
revenue efficiency
About Zwift

Zwift was founded in 2014 by Eric Min (CEO), Jon Mayfield, Alarik Myrin and Scott Barger. It runs a gamified 3D online world where riders and runners connect a smart trainer or treadmill to the app, which moves their avatar so they can train, socialize and race together. The company earns money from monthly subscriptions and has moved into its own hardware, such as Zwift Ride. In September 2020 it raised a $450M Series C led by KKR, valuing it at over $1B (total funding is about $600M+), and in April 2026 it acquired rival Rouvy, which keeps operating as a separate product.

Top 100 SaaS by revenue (GetLatka). A SaaS company retooling its product to be AI-native.

Investors · 17

LeadKKRPrivate equity7 partners on file
BoardIlkka Paananen (individual investor, independent director; Supercell co-founder and CEO)Venture capital· Ilkka Paananen (Co-Founder and CEO of Supercell; investor and independent board member)3 partners on file
BoardInovia CapitalVenture capital· Patrick Pichette (Partner at Inovia Capital)16 partners on file
BoardKKRPrivate equity· Stephen Shanley (Director at KKR, Head of Technology Growth Equity in Europe)7 partners on file
InvestorAmazon Alexa FundCorporate3 partners on file
InvestorB-FLEXIONVenture capital3 partners on file
InvestorBryant StibelVenture capital2 partners on file
InvestorCauseway Media PartnersVenture capital1 partner on file
InvestorCOLOPLVenture capital
InvestorHighland EuropeVenture capital19 partners on file
InvestorInovia CapitalVenture capital16 partners on file
InvestorIon PacificVenture capital3 partners on file
InvestorNovator Partners (Novator Ventures)Venture capital2 partners on file
InvestorPermiraPrivate equity6 partners on file
InvestorSamchulyVenture capital
InvestorShasta VenturesVenture capital1 partner on file
InvestorSpecialized Bicycle Components (Zone 5 Ventures)Venture capital3 partners on file
InvestorTrue (True Capital)Venture capital3 partners on file
InvestorZone 5 VenturesVenture capital
72 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.

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