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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/26/2020 | Series F | $110MM | $xx.xx | $1.55B | 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 | $xx.xx | $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 | $18.55MM | $xx.xx | $151.26MM | Jackson Square Ventures, Madrone Capital Partners, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
10,679,197
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 | $xx.xx | $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 | $xx.xx | $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 | $4.05MM | $xx.xx | $13.52MM | Sigma Partners | |
Price per Share
$xx.xx
Shares Outstanding
12,609,582
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
|