STRAVA not SOLD | +2 Million New Users per Month

Affiliate Disclosure: All links pay commission

Reading Time: 2 minutes

STRAVA Gets more Funding

strava logo big icon brand image
Image|STRAVA

Only last month we reported that STRAVA was looking for over $150m of new funding and that the numbers that could crank out of such an investment might have valued STRAVA at a unicorn-loving $1bn.

Well. Panic over. They’ve just managed to secure a cool $110m from TCV, Sequoia Capital and other smaller investors in a Series F (6th) round of funding. The current capital injection is almost three times the previous funding rounds combined ($42m).

This is good news for us STRAVA users as the company is guaranteed to keep rolling along.

If you were looking for a step-change at STRAVA or a boosting of free features in exchange for on-site advertising then I’m not sure there is enough here for us to expect a quantum change in STRAVA’s continuing but incremental push to get more paying subscribers onboard. Although STRAVA does say,

This financing will help the company build more features that athletes love, support its global community and expand to better serve more athletes

STRAVA now also claims a total of 70 million users and has grown at 2 million users/month during 2020.

The first post, below, expands on this subject a little more. For example, looking at who would actually be able to buy STRAVA were it to be worth $1bn and concluding that the end game for existing shareholders could be an IPO. But, for that to happen, there needs to be a sustainable & growing revenue stream from subscribers and/or advertisers.

BREAKING: Bluetooth sensors Live With STRAVA NOW

Source: PRNewswire

 

STRAVA Gets Bluetooth Sensors – again

STRAVA Seeks Investors $1 Billion Valuation | BREAKING |

 

STRAVA Insider – More STRAVA Stories Below

 

new STRAVA Local Legends – Segments, Jim, but not as we know them

STRAVA Summit Packs are DEAD, Long Live STRAVA Summit

Strava Runner Motivations

Sports Apps 2020 Report & Table – Winners & Losers of 2019 – Best Sports App

STRAVA Relative Effort on Suunto

STRAVA App – removes BLE sensor support

Strava apps – Cool Apps, Not-So-Cool Apps & Freebie Apps

 

 

Reader-Powered Content

Follow the5krunner
This content is not sponsored. It's mostly me behind the labour of love which is this site, meaning it's entirely reader-powered content ❤️ I'd really appreciate it if you'd follow, subscribe or consider getting me an e-Coffee ❤️ Alternatively please buy the reviewed product via the5krunner.com (which costs you no extra) and, for that, I receive a small commission. Thank you!
 
Affiliate Disclosure: All links pay commission
Support this site with purchases at these partners - should click to a local choice in your country
Subscribe
Notify of
guest
2 Comments
oldest
newest most voted
Inline Feedbacks
View all comments
Dean

110 mil and they can’t even produce an ipad version of their app. Cmon strava.