Peloton raises $550 million to expand its connected fitness machines and virtual classes

Peloton, a fitness technology company that sells exercise bikes with screens for on-demand virtual classes, is raising a whopping $550 million in a series F round of funding led by TCV, with participation from most of Peloton’s existing investors, including Kleiner Perkins, NBCUniversal, Tiger Global, True Ventures, Wellington Management, Fidelity (FMRCo), and Balyasny. New investors include […]