Popular online fitness training platform Zwift raised $450 million in a new investment round led by U.S. private equity firm KKR & Co Inc., the company said on Wednesday.
The latest investment values the California-based company at more than $1 billion, a person familiar with the matter told Reuters, who declined to be identified as the information was not public.
Zwift, which is geared to running and cycling enthusiasts, said it will not be disclosing details on its valuation.
Source: Reuters Â
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