wattbike gets a new investor & is committed to Zwift
Wattbike has secured £11.5m of new funding from Piper, a UK-based investment fund specialising in consumer businesses.
Wattbike was founded in 2007 and has grown steadily since then, moving more seriously away from professional gym environments and into the consumer space in more recent years. the consumer side of the business has seen more rapid growth. The company gives the example of April 2020 vs April 2019, where sales orders grew by 192% due in most part to the consumer reaction to lockdown. Growth figures so far this year have enabled the company to forecast total sales of £21m for the whole of 2020.
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tfk is the founder and author of the5krunner, an independent endurance sports technology publication. With 20 years of hands-on testing of GPS watches and wearables, and competing in triathlons at an international age-group level, tfk provides in-depth expert analysis of fitness technology for serious athletes and endurance sport competitors. ID
5 thoughts on “wattbike gets £11.5m – committed to Zwift”
(I’m not Crispin Ellisdon)
Seriously considering buying the Wattbike Atom. I’d like the Wahoo but is it really worth £1100 more!?
i’d tend to err toward wahoo and stages, myself
I own the gen 1 Atom- have had it for a few months and been delighted with it.
I ordered the Atom v1 when it was announced nearly 3 years ago (took a few months to get my hands on it) and other than some initial FW issues that got sorted, I’m very happy with it.
(I’m not Crispin Ellisdon)
Seriously considering buying the Wattbike Atom. I’d like the Wahoo but is it really worth £1100 more!?
i’d tend to err toward wahoo and stages, myself
I own the gen 1 Atom- have had it for a few months and been delighted with it.
I ordered the Atom v1 when it was announced nearly 3 years ago (took a few months to get my hands on it) and other than some initial FW issues that got sorted, I’m very happy with it.