Strava: Raises $110M in Financing

November 18, 2020

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Strava, a San Francisco, CA-based social platform for athletes, raised $110m in a Series F financing
The round was led by TCV and Sequoia Capital, with participation from Dragoneer Investment Group and existing investors
The company intends to use the funds to build more features for athletes and expand its business reach
Strava is a large sports community which enables motivation through competition, camaraderie, and accountability
In 2020, Strava has added more than 2 million athletes per month to its community and rolled out over 60 new features
The company also made Strava Metro free for urban planners and city governments