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Peloton Raises $550m In Funding Round Led By Tcv

by fortune.com posted 1year ago 66 views
The investment values Peloton at $4.15 billion. : Peloton Interactive Inc., a startup that makes web-connected home-fitness equipment and content, raised $550 million in a funding round led by venture capital firm TCV. The investment values Peloton at $4.15 billion and includes backing from Kleiner Perkins Caufield & Byers, Tiger Global Management and GGV Capital. The company said the financing will be its last before pursuing an initial public offering as soon as next year. Peloton will use the money to expand internationally, bring a treadmill to market and establish itself as the premier source of fitness-related content.

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