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On

eCommerce & Marketplaces · Zurich, Switzerland · Founded 2010 · IPO 2021

Running shoes with the first cushioning system that is only active when you need it MoreLess

On is a Swiss-based company that designs and markets athletic footwear and apparel. The company was founded in 2010 by former professional athlete Olivier Bernhard and his friends David Allemann and Caspar Coppetti.

On's signature product is its line of running shoes, which feature a patented cushioning technology called CloudTec. This technology is designed to provide a soft landing and a firm takeoff, which the company claims helps to reduce muscle fatigue and prevent injuries. On also offers a range of other athletic footwear, including hiking shoes, tennis shoes, and everyday sneakers. In addition to footwear, On also sells a line of athletic apparel, including shorts, shirts, and jackets.

On's products are sold in over 50 countries through a network of retailers and distributors, as well as through the company's own website. The company has experienced rapid growth in recent years, and its products have become popular with both professional athletes and everyday consumers.

Keywords: running shoes, athletic apparel, footwear, CloudTec, performance, sportswear, Swiss brand, direct-to-consumer, retail, global.

Valuation $11B
Revenue $3.26B
EBITDA $646M
Employees mapped 5,707 incl. 20 AI specialists
Founders Hidden — book a demo/100 quality score
Key operators 10 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

1 investor on On's cap table

Sourced from Dealroom's funding history.

Series B+ 1 investor entered at this stage
Roger Federer

Global footprint

Where On has talent and traffic

Workforce by country
64 countries with
team presence
🇨🇭 Switzerland34.6%
🇺🇸 United States18.9%
🇩🇪 Germany10.5%
🇬🇧 United Kingdom8.2%
🇻🇳 Vietnam3.7%
Top 5 of 64 shown
Web traffic by country
14M monthly visits
across markets
🇺🇸 United States54.9%
🇧🇷 Brazil5.7%
🇬🇧 United Kingdom5.4%
🇯🇵 Japan4.5%
🇨🇦 Canada3.9%
Top 5 markets shown

Patent intelligence

$12M patent portfolio · 38 active families

Estimated portfolio value
$12M
0.11% of market cap · 19.8× larger than top peer Zalando ($620k)
38 active patent families
Where On innovates Ball tennisClassical mechanicsComposite materialIndustrial engineeringManufacturing engineering

Where On concentrates vs peers

Each axis is a top-10 topic across On and its closest peers. #1 = 100, #10 = 10, absent = 0.

Compare against

Source: Dealroom Patent Intelligence · Patsnap. Request a demo for the full per-sub-category breakdown, individual records, and quality-score history.

Market sentiment

What the market is saying about On

An AI-synthesized read of the highest-engagement posts about On on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See On on the full Dealroom platform

Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.