What does Strava do?
Strava is a San Francisco-based fitness app provider connecting over 150 million users across more than 185 countries, offering tools to track and share physical activity.
How much did they raise?
The funding round, which was undisclosed in amount but valued at $2.2 billion including debt, was led by Sequoia Capital with participation from TCV, Jackson Square Ventures, and Go4it Capital.
What are their plans for the money?
Strava plans to use the funds to expand its operations and business reach, potentially enhancing its product development and scaling its global community to drive further innovation in the fitness space.
What have they achieved so far?
The company has established a significant market presence with its extensive user base and global footprint, and recently bolstered its offerings by acquiring Runna, a UK-based tech company specializing in personalized running training and coaching.
