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.

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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 2024.

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 Markets, today.

When was Strava founded?

Strava was founded in 2009.

What is Strava funding to date?

Strava has raised $535.81MM to date.

Who are Strava’s major investors?

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

Strava Funding Rounds and Valuation

Funding History Chart
Funding Round Details
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
Updated on: Dec 11, 2024

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