Peloton

Peloton, founded in 2011, raised $1.875 billion across multiple rounds, including a $1 billion post-IPO placement in Feb 2021, a $550 million Series F in Aug 2018, and a $325 million Series E in May 2017. The company develops connected fitness hardware such as bikes and treadmills, paired with subscription streaming classes and social community features. Funding supported manufacturing, content production, international expansion, and R&D in hardware and software. Peloton’s vertically integrated model creates recurring revenue and a global fitness ecosystem, with a significant presence in North America and Europe.