Zwift, LLC announced that it has received $27 million in funding from Samchuly Bicycle Co., Ltd, Shasta Ventures, Novator Partners LLP, Waypoint Capital
November 15, 2016
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Zwift, LLC announced that it has received $27 million in its series A round of equity funding led by new investor, Novator Partners LLP on November 16, 2016. The transaction also included participation from new investors, Shasta Ventures and Max Levchin, and existing investors, Samchuly Bicycle Co., Ltd (KOSDAQ:A024950) and Waypoint Capital. The company has received $45 million in funding till date.
SAMCHULY BICYCLE CO., LTD. is a Korea-based company engaged in the manufacture and marketing of bicycles. The Company's offerings consist of folding bikes, women's bikes, children's bikes, racing bikes, mountain bikes and special bikes under the brand names such as Appalanchia, ELLE, HOUND, NEXT and LESPO. It is also involved in the provision of bicycle parts and related products, such as tires, helmets, goggles, bags, baskets, locks, infant saddles and saddle covers, among others. The Company mainly distributes its products within domestic market.
Zwift, LLC announced that it has received $27 million in funding from Samchuly Bicycle Co., Ltd, Shasta Ventures, Novator Partners LLP, Waypoint Capital
SAMCHULY BICYCLE CO., LTD 
