Peloton Secures $75,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8a38a9c0-2b1d-42de-b415-c132e9b7bd35
Date
12/2/2015
Company Name
Peloton
Mailing Address
158 West 27th Street 4th Floor New York, NY 10001 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
$75,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Catterton’s investment will allow Peloton to accelerate innovation in the at-home fitness category and rapidly expand awareness and market share.
M&A Terms
Venture Investor
Catterton Partners