Fenwick Represents Peloton in $550 Million Series F Financing

Fenwick & West represented Peloton Interactive, Inc., a leading global fitness technology company, in its $550 million Series F financing. TCV, one of the world’s largest technology growth equity firms, led the round with participation from existing investors, including Tiger Global, True Ventures, Wellington Management, Fidelity (FMRCo), NBCUniversal, Kleiner Perkins and Balyasny as well as new investors, including Felix Capital, Winslow Capital and other mutual fund partners.

The new financing will enable Peloton to expand into more international markets to widen its retail footprint and to continue innovating aggressively. More information about Peloton’s $550 million Series F financing can be obtained from the company announcement.

The Fenwick transaction team was led by corporate lawyers Cynthia Hess, Brian Hicks, Kyle Canchola and Michael Ohta; and antitrust lawyer Ashley Walter.