FinTechFunding

Strava: Raises $110M in Financing

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

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