Strava, Inc.

San Francisco, California

Classification

Private

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

About

About

Strava, Inc. is a privately-held company that develops social fitness platform designed for athletes to track, share, and analyze their physical activities, primarily running, cycling, and swimming. Founded in 2009 by Mark Gainey and Michael Horvath, the company is headquartered in San Francisco, California. Strava's core offering is a mobile app and website that allow users to record workouts using GPS data, connect with a community of athletes, and compete on virtual segments. The platform has evolved into a subscription-based service with premium features, such as advanced performance analytics and safety tools, while maintaining a freemium model to attract a broad user base. Strava also generates revenue through Strava Metro, a data service providing anonymized movement patterns to urban planners and transportation agencies. Business/Product Breakdown Strava's primary product is its mobile and web-based fitness tracking platform, which integrates GPS technology to map and analyze activities like running, cycling, and swimming. Users can log workouts manually or sync data from devices such as Garmin, Fitbit, or Apple Watch. The app's free tier offers basic tracking and social features, including activity sharing, leaderboards, and virtual challenges, fostering a strong community engagement model. Strava's premium subscription, priced at approximately $11.99/month or $79.99/year, unlocks advanced features like personalized training plans, detailed performance metrics (e.g., power analysis for cyclists), and safety tools such as Beacon, which shares real-time location with designated contacts. Strava Metro, a secondary product, aggregates anonymized user data to provide insights for urban planning, sold to municipalities and organizations to improve infrastructure for cyclists and pedestrians. The company also monetizes through sponsored challenges, where brands pay to engage users with fitness goals. Strava's focus on community-driven motivation and data-driven insights distinguishes it from competitors like Fitbit or Nike Run Club.

Keywords

Keywords

Classified

Private