Peloton Receives $10,500,000 Series B Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ee8a5a5c-b19b-42e7-a455-cd16ff27bc58
Date
4/25/2014
Company Name
Peloton
Mailing Address
140 West 23rd Street New York, NY 10011 USA
Company Description
Peloton is changing the way people workout at home with our designer indoor cycle and first-in-class, interactive live and on-demand classes. Instructors will teach at Peloton’s flagship NYC studio to a full roster of riders.
Website
http://www.pelotoncycle.com
Transaction Type
Venture Equity
Transaction Amount
$10,500,000
Transaction Round
Series B
Proceeds Purposes
This funding will help us pursue the opportunity to build real scale through the distributed technology platform we have already developed.
M&A Terms
Venture Investor
Venture Investor