Amazon Alexa Fund and Specialized Bicycle Components vehicle Zone 5 Ventures helped the social exercise platform raise money at a valuation above $1bn.

Zwift, the US-based operator of a social exercise platform, raised $450m yesterday from investors including e-commerce and home electronics firm Amazon’s Alexa Fund and bicycle producer Specialized Bicycle Components’ Zone 5 Ventures fund. Investment firm KKR led the round, which also featured private equity firm Permira, investment firms Novator Partners and True, venture capital firm…

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