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Strava

Strava IPO

$2.2B
Series F-1 Valuation, May 2025
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Strava IPO date and status

2009
Founded
Jan 2026
Confidentially Filed

Company details

Strava was founded in 2009 by Carlos Virella, Mark Gainey, Mark Shaw, Michael Horvath, and Yandong Liu. In February 2023, Horvath said that the company had no immediate plans to go public, but later clarified his view by saying that a public offering is "a means to an end and it’s something we would consider at the right time."

Strava is a social media app for athletes. Users can compare workouts, track progress, and share results. In 2022 and 2023, Strava acquired Recover Athletics and FATMAP. The company has raised more than $150 million in venture capital funding from investors including TCV, Sequoia Capital, Dragoneer Investment Group, Madrone Capital Partners, Jackson Square Ventures, and Go4it Capital. In 2020, Strava was seeking investors at a valuation of more than $1 billion. The resulting funding round brought in $110 million in fresh capital.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Subsector
Founded
2009
Headquarters
San Francisco, CA, United States
Founders
Davis Kitchel, Dr. Michael Horvath, Mark Gainey
Forge Price 1
Forge Price Beacon $13.99 -$6.01 (-30.05%)
Forge Price Date
02/05/2026
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$2.2B
Total Funding
$228.48MM
Last Funding Round
Series F-1

Learn more about Strava

To invest in Strava pre-IPO

Can you invest in Strava pre-IPO?

Strava is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?

Can you sell shares of Strava before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Strava is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Strava shares?

To explore the value of your Strava shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Strava a publicly traded company?

Strava is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Strava potential IPO

Will Strava go IPO?

Strava has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Strava’s IPO price?

The Strava IPO price does not exist at this time, as Strava is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Strava, register for Forge today.

When was Strava founded?

Strava was founded in 2009.

What is Strava funding to date?

Strava has raised $228.48MM to date.

Strava major investors

Great Oaks Venture Capital
Jackson Square Ventures
Sequoia Capital
Sigma Partners
Steamboat Ventures
Tcv

Strava pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
05/22/2025 Series F-1 $50MM $13.99 $2.2B Sequoia Capital
Price per Share
$ xx.xx
Shares Outstanding
3,573,980
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Sequoia Capital
11/26/2020 Series F $110MM $13.99 $1.54B Dragoneer Investment Group, Go4it, Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital, Tcv
Price per Share
$ xx.xx
Shares Outstanding
7,863,205
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Go4it, Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital, Tcv
08/01/2018 Series E $13.7MM $3.94 $364.02MM Go4it, Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital
Price per Share
$ xx.xx
Shares Outstanding
3,478,801
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Go4it, Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital
10/29/2014 Series D $18.5MM $1.74 $151.26MM Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital
Price per Share
$ xx.xx
Shares Outstanding
10,650,412
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital
03/21/2013 Series C $19.7MM $1.23 $93.79MM Jackson Square Ventures
Price per Share
$ xx.xx
Shares Outstanding
16,077,192
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Jackson Square Ventures
07/27/2011 Series B $12.6MM $0.73 $39.66MM Madrone Capital Partners, Sigma Partners
Price per Share
$ xx.xx
Shares Outstanding
17,237,388
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Madrone Capital Partners, Sigma Partners
01/12/2011 Series A $3.99MM $0.32 $13.52MM Sigma Partners
Price per Share
$ xx.xx
Shares Outstanding
12,395,969
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
4.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Sigma Partners

Strava IPO news and media highlights

Strava eyes IPO as Gen Z trades dating apps for running clubs

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.

Exclusive | Popular Fitness App Strava Clinches Valuation of More Than $2 Billion

Strava, the popular running and exercise app, has completed a fresh round of fundraising valuing the business at $2.2 billion including debt,...

Strava runners are about to get a new coach

Strava users are about to get a new coach. The leading active app has announced the acquisition of Runna, a run coaching app that provides AI-powered plans for runners seeking personalized guidance.

Strava’s next chapter: New CEO talks AI, inclusivity, and why ‘dark mode’ took so long

Over the past few weeks, Strava also introduced a new group subscription plan, while it finally gave its users the feature they’ve been asking for more than any other: dark mode, a glaring omission that had frustrated many through the years.
Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Consumer & Lifestyle
Subsector: Fitness
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
DiscordDiscord$265.87 -$1.10 (0.41%)$ xx.xxSeries I$15B$550.62$500MM
SeatGeekSeatGeekNot available$ xx.xxSeries E$1.24B$5.35$238MM
SheinSheinNot available$ xx.xxNot available------
SKIMSSKIMSNot available$ xx.xxSenior$5B$403.16$225MM
MeeshoMeeshoNot available$ xx.xxSeries E-1$3.9B$56.00$227MM
Mammoth BrandsMammoth BrandsNot available$ xx.xxSeries F$2.36B$18.26$146.08MM
OyoOyoNot available$ xx.xxNot available------
MBXMBXNot available$ xx.xxSeries X$205.32MM$1.00$6.5MM
ZazzleZazzleNot available$ xx.xxNot available------

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Actively traded

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
SpaceX SpaceX $550.00 +$102.77 (22.98%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
SambaNova Systems SambaNova Systems $14.74 -$1.36 (8.45%)Medium $xxx.xx

Forge, your trusted partner for pre-IPO insights and Strava data

Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.

Updated on: Oct 15, 2025

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  1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.
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  4. Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
  5. Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.

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