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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What is Strava's IPO price?

The IPO price for Strava will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Strava?

Strava is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Strava share pre-IPO?

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Is Strava a publicly traded company?

Strava is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Strava's funding to date?

Strava has raised $178.6MM to date.
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When was Strava founded?

Strava was founded in 2009.

Who are Strava's major investors?

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

Strava Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
11/26/2020 Series F $110MM raised $XXX.XX $XXX.XX
8/1/2018 Series E $13.7MM raised $XXX.XX $XXX.XX
10/29/2014 Series D $18.55MM raised $XXX.XX $XXX.XX
3/21/2013 Series C $19.7MM raised $XXX.XX $XXX.XX
7/27/2011 Series B $12.6MM raised $XXX.XX $XXX.XX
1/12/2011 Series A $4.05MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Nov 15, 2023

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