"Strava, the 16-year-old fitness tracking app, is gearing up to go public, the Financial Times reports. CEO Michael Martin told the FT that the San Francisco company plans to list "at some point," eyeing capital for more acquisitions. The company, backed by Sequoia Capital, TCV, and Jackson Square Ventures, was last valued at $2.2 billion in May. Strava has the wind at its back, certainly."
"Strava's growth coincides with a cultural shift around running, particularly as people in their teens and 20s seek more alcohol-free ways to socialize. Runners also emphasize the mental health benefits of finding support networks (and, sometimes, romance). Applications for the 2026 London Marathon jumped 31% this year to 1.1 million people. Strava's secret sauce? Turning workouts into social currency with "kudos" and split comparisons."
Strava plans an eventual public listing to raise capital for acquisitions; investors include Sequoia Capital, TCV, and Jackson Square Ventures, with a $2.2 billion valuation in May. The app reached 50 million monthly active users in 2025, nearly double its closest competitor, with downloads up 80% year-over-year. Growth reflects cultural shifts toward alcohol-free socializing among teens and people in their 20s and rising emphasis on running for mental-health and social connections; London Marathon applications jumped 31% to 1.1 million. Revenue comes from subscriptions (Sensor Tower estimates over $180 million spent through September), sponsored challenges, and brand partnerships.
Read at TechCrunch
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