San Francisco-based fitness app Strava is valued at $2.2 billion following a new injection of funding from lead investor Sequoia Capital, according to reporting by the Wall Street Journal. While the amount of the raise was undisclosed, Strava also announced its acquisition of The Breakaway, a training app for cyclists.
While running, hiking, walking, cycling or engaging in similar physical activities, Strava equips users with a platform that allows them to track their progress with GPS, join challenges, share photos and more. It allows more than 150 million users across 185 countries to explore new locations, set goals and connect with community members.
The raise comes amid notable growth for Strava. Following another recent acquisition where it added London-based Runna to its ranks, the company is on track to achieve $500 million in annual recurring revenue, according to the Wall Street Journal, and the platform experienced a 50 percent increase in users in 2024.
