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Strava raises funding at a $2.2 billion valuation led by Sequoia Capital, with additional support from TCV, Jackson Square Ventures, and Go4it Capital to expand operations.

May 26, 20254 months ago

Amount Raised

$2.2 Billion

San FranciscoSoftware

Investors

Go4it CapitalJackson Square VenturesTcvSequoia Capital

Description

Strava, a San Francisco-based fitness app provider, raised an undisclosed amount at a $2.2 billion valuation. The round was led by Sequoia Capital with participation from TCV, Jackson Square Ventures, and Go4it Capital. The funds will be used to expand operations and business reach. Strava has over 150 million users worldwide.

Company Information

Company

Strava

Location

San Francisco, California, United States

About

Strava is the leading platform for athletes and the largest sports community in the world, with over 99 million athletes in 195 countries. If you sweat you're an athlete, and Strava's mobile apps and website connect millions of active people every day. Strava gives athletes simple, fun ways to stay motivated and compete against themselves and others without having to be in the same place at the same time. All athletes belong on Strava no matter where they live, which sport they love, or what device they use. Join the community and make the most of your sport with a Strava subscription.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers