Zwift, a virtual reality cycling app out of Long Beach, California, has generated $120 million worth of funding in its latest round.
The esports app acts as a regular stationary bike but with a virtual reality twist that lets riders get immersed in pre-designed outdoor routes. Riders can ride races against each other or do time trials on their own, as the app combines exercise with gaming.
“We have big plans for Zwift and esports,” said Eric Min, Zwift CEO and Co-Founder. “We’ve been consulting with the cycling industry and there’s a lot of excitement around what we have planned for next year. I can’t wait for people to know everything we have planned but for now, you’ll just have to wait and see.”
“Axeon has a track record of unearthing
According to Bloomberg, the funding round was led by London’s Highland Europe. In the future,