# Zwift funding: rounds and investors > Zwift has raised $147M across 2 rounds since 2016. Investors include Novator Partners, Highland Europe/ True and Causeway Media Partners. Source: https://millionrounds.com/company/zwift (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Funded startup](https://millionrounds.com/companies) # Who invested in *Zwift* 2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Consumer Services Gaming Funding summary Updated 26 Oct 2026 **$147M** raised across 2 rounds since 2016, from 2 sources **$27M** Series A **$120M** Round - **Latest round:** Round, $120M Dec 2018 - **Led by:** Highland Europe/ True - **Step-up i:** 4.4× - **Investors:** 3 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2017 2018 **$27M** Series A **$120M** Round - **First round:** Series A, $27M - **Biggest round:** $120M - **Between rounds:** 2.1 years ## The rounds - **Dec 2018** Round **$120M** *2 new* *1 returning* Highland Europe/ True Lead [Causeway Media Partners](https://millionrounds.com/fund/causeway) [Novator Partners](https://millionrounds.com/fund/novator-partners) Reported by TechCrunch - **Nov 2016** Series A **$27M** *1 new* [Novator Partners](https://millionrounds.com/fund/novator-partners) Reported by TechCrunch ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2016 **Round** 2018 [Novator Partners](https://millionrounds.com/fund/novator-partners) Highland Europe/ True L [Causeway Media Partners](https://millionrounds.com/fund/causeway) ## Everyone who backed them [Novator Partners](https://millionrounds.com/fund/novator-partners) Private equity **2** rounds Highland Europe/ True no record of our own yet **1** round, led 1 [Causeway Media Partners](https://millionrounds.com/fund/causeway) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=zwift). ## Also claim to have backed them These 3 firms list Zwift as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Hiro Capital](https://millionrounds.com/fund/hiro-capital) VC firm Per its own site [Online Brands Group](https://millionrounds.com/fund/online-brands-group) Growth equity Per its own site [Pale Fire Capital](https://millionrounds.com/fund/pale-fire-capital) Private equity Per its own site ## Quick answers about Zwift ### Who invested in Zwift? Zwift's investors include Novator Partners, Highland Europe/ True and Causeway Media Partners. Highland Europe/ True led its latest round. ### How much has Zwift raised? Zwift has raised $147M across 2 rounds since 2016. ### When did Zwift last raise? Zwift's most recent round was an Undisclosed round of $120M in Dec 2018, led by Highland Europe/ True. ### What was Zwift's biggest round? Its most recent round, $120M in Dec 2018, is also its largest on record. ### Who backed Zwift first? Zwift's first round on record, in Nov 2016, was backed by Novator Partners. ### What stage is Zwift at? Zwift's latest named round is an Undisclosed round, in Dec 2018. ### Where is Zwift based? Zwift is based in the United Kingdom. ### Who led Zwift's rounds? Highland Europe/ True led the Undisclosed round in 2018. ## Companies like Zwift In the same sector, and raised in the last eighteen months. [**tourhub** $5.2M · Oct 2026](https://millionrounds.com/company/tourhub)[**Stasher** $8.3M · Sept 2026](https://millionrounds.com/company/stasher)[**TaskHer** $157M · Jul 2026](https://millionrounds.com/company/taskher)[**Life Ledger** $3.6M · Jun 2026](https://millionrounds.com/company/life-ledger)[**Amplius** $87M · May 2026](https://millionrounds.com/company/amplius)[**Posh Monkey Studios** $1.6M · Apr 2026](https://millionrounds.com/company/posh-monkey-studios) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app