BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
December 5, 2022
Sportswear manufacturer Cytech acquires Pasasport
The buyout brings together two manufacturers with a history of innovation in the production of performance cycle clothing, Cytech introducing at Eurobike this year the world’s first 3D printed chamois pad. More than 90 per cent of the company’s turnover is generated in foreign markets and its products are sold...
December 4, 2022
Heptathlete sues USA Track and Field
During a heatwave, American heptathlete Taliyah Brooks collapsed amid the 2021 U.S. Olympic trials. The athlete has taken legal action against USA Track and Field, the governing body for the sport. Heading into the trials, Brooks was a top contender in the heptathlon, a two-day, seven-event sport that involves three track...
December 2, 2022
Former Amazon executive joins Zwift as co-CEO with founder Eric Min
Zwift founder Eric Min announced Friday that he will become co-CEO, sharing duties with former Amazon executive Kurt Beidler. Min, who has been CEO since Zwift's founding in 2014, said Beidler's hire came after "a long search." Min will also remain chairman of Zwift's board of directors. Bicycle Retailer
December 1, 2022
Wahoo Fitness Dismisses Smart Trainer Lawsuit Against JetBlack, Sets Timetable Against Zwift
Wahoo initially filed suit against Zwift/JetBlack back on October 3rd, the same date that Zwift started shipping the trainers into the US & European markets (Zwift previously announced the Zwift Hub on September 6th, 2022). Zwift currently doesn’t sell the trainers in any other markets at this time except the...
December 1, 2022
Why Twitter Is Good for the Running World
Jesse Williams, a former marketing executive at Brooks and the founder of the event company Sound Running, echoed Goucher’s point. “The live tweeting of splits, placing, and other important info during races is huge for fans and for brands that understand the space,” Williams says. Outside Online
December 1, 2022
Road Runners Club of America Welcomes Five Runner Friendly Communities
Arlington, VA /ENDURANCE SPORTSWIRE/ – The goal of the Road Runners Club of America (RRCA) Runner Friendly Community program is to shine a national spotlight on communities that standout as runner-friendly and provide incentives and ideas for communities to work towards becoming runner-friendly communities. The RRCA is welcomes the newly designated...
November 30, 2022
Classified Cycling Raises €22M Euros In Push To Reinvent Shifting, Expand Into eBike Drivetrains And To Strengthen Presence In Global Markets
(Antwerp, Belgium, Thursday, December 1, 2022 CET)/ENDURANCE SPORTSWIRE/ - Classified Cycling, a Belgium-based company developing innovative drivetrain technology for the cycling industry, today announces it has closed a funding round of €22 million led by Active Partners, the investors behind well-known cycling brands Rapha and Evans Cycles. Existing investor Bridford...
November 30, 2022
Nukeproof Announces New US Operations and Distribution
November 30, 2022 - Salt Lake City, UT /ENDURANCE SPORTSWIRE/ – Nukeproof mountain bikes, components and accessories will soon be easier to find in the US. Starting November 30th, 2022, US-based riders will be able to buy Nukeproof’s award-winning, gravity-oriented mountain bikes and eMTBs, as well as their innovative parts and accessories through...
November 30, 2022
ROAD iD Unveils New Partnership Opportunity to Promote Runner Safety in Run Specialty at The Running Event (TRE) in Austin
/ENDURANCE SPORTSWIRE/ – ROAD iD, leader of wearable identification products for runners and cyclists unveils new and improved in-store partnership program geared for run specialty shops to help runners train safely with the peace of mind that wearing ID provides. The partnership will help store owners earn cash, provide the perfect...
