Strava files for IPO, taps Goldman Sachs: The Information
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The news: Fitness app Strava has confidentially filed for an IPO in recent weeks and brought in Goldman Sachs to run the process, according to The Information citing people with direct knowledge of the matter.
The context: Strava was last valued at USD2.2 billion ($3.3 billion), including debt, in May 2025 according to The Wall Street Journal. Its investors include Sequoia Capital, TCV, Jackson Square Ventures, Dragoneer Investment Group and Sigma Partners.
The business was founded in 2009 but registered 50% revenue growth last year and was profitable according to the people speaking to The Information. However, it is unclear what valuation Strava is seeking or how much it intends to raise at its IPO.
Last year, Strava acquired UK-based running coach app Runna and cycling training platform The Breakaway in part to improve its own app’s offering of features.
Strava's app has more than 150 million active users across 185 countries. It has both free and subscription-based offerings.
The source: The Information
