Very Social Network

Strava Secures $110M in Series F Financing

CYCLING INDUSTRY – Nov 17 - Strava, a social network for athletes and commuters, has secured $110M in Series F financing in a funding round led by TCV and Sequoia Capital. In 2020, Strava has added ~2M athletes per month to its community, as well as launch over 60 new features for athletes as part of a renewed commitment to subscribers. The company has made Strava Metro free for urban planners and city governments as its data helps over 300 city governments and urban planners create safer cities for pedestrians and cyclists.

by Mark Sutton
See full article at Cycling Industry

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Strava Seeks New Investors at $1B+ Valuation

BLOOMBERG - Oct 2 - Strava, a social network for athletes with ~70M global users, is looking to raise equity from new investors at a valuation of ~$1B. The company has hired an adviser to raise $150M - $400M. Strava, the Swedish word for "strive," was founded by Mark Gainey and Michael Horvath in 2009. People use it to track or map activities such as runs, walks, bike rides and hikes. It also functions as a social network.

by Gillian Tan
See full article at Bloomberg