Spin cycle maker Peloton set to open Seattle-area showroom, hits $1B valuation
Peloton, the freshly-minted unicorn company that makes $2,000 high-tech spin bikes, is opening up a showroom in the Seattle area. According to the company’s website, the showroom will be in the Bellevue Square Mall. Peloton is hosting a launch party for the new studio June 8. Peloton just closed a $325 million Series F funding round, at a $1.25 billion valuation, led by Wellington Management, Fidelity Investments, Kleiner Perkins and True Ventures, with participation from GGV Capital and Comcast NBCUniversal. Wall Street Journal cited Brian Smith, an analyst with Piper Jaffray, who expects the value of the health and fitness market… Read More