Overview

• Strava's valuation has climbed to $2.2 billion following a fresh funding round led by Sequoia Capital, marking significant growth from its $1.5 billion valuation in 2020.
• The company recently acquired two AI-driven coaching apps: Runna, a London-based running app, and The Breakaway, a U.S.-based cycling app, to enhance its offerings for runners and cyclists.
• Strava now boasts 150 million registered users worldwide and is on track to generate nearly $500 million in annual recurring revenue.
• The acquisitions aim to expand Strava's AI-powered coaching suite and deepen its engagement with its core user base, particularly runners and cyclists.
• The funding and acquisitions come as Strava continues to capitalize on sustained post-pandemic growth, with over 1 billion runs recorded on the platform in 2024.