Peloton is an American exercise equipment and media company. It is the largest interactive fitness platform in the world with a loyal community of over 1.4 million Members.
Peloton is dedicated to creating a cutting edge fitness experience that makes working out at home a viable, exciting option. Its main product is a luxury stationary bicycle that allows users to stream spinning classes in the company's fitness studio through a monthly subscription service.
Peloton was founded in 2012 by Graham Stanton, Hisao Kushi, John Foley, Tom Cortese, and Yony Feng. The company is based in New York City, New York.
Peloton uses technology to bring group exercise — benefits and energy included — right to your home. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere.
Peloton's immersive content is accessible through the Peloton Bike, the Peloton Tread, and Peloton Digital, which provides a full slate of fitness offerings, anytime, anywhere, through iOS and Android as well as most tablets and computers.
Peloton is backed by prominent investors including Tiger Global Management, TCV, True Ventures, Wellington Management, Fidelity Investments, Kleiner Perkins, Comcast NBCUniversal, & GGV Capital along other angel and venture investors. The company raised $550 from its most recent "Series F" financing on Aug 1, 2018. The round brought Peloton's total funding to around $1B and a $4B post money valuation.
Peloton goes public on Sep 25, 2019, with a post money valuation $8.1B, it raised $1.16B at the IPO.
Peloton is a two-time CNBC Disruptor 50 company. It is No. 9 on the 2019 List and the first company from the 2019 list to IPO and the fortieth IPO in the seven-year history of the Disruptor 50.