Strava Raises $18.5M in Financing

stravaStrava, a San Francisco, CA-based online network connecting the global community of athletes, raised $18.5m in financing.

The round was led by Sequoia Capital with participation from existing investors Sigma West and Madrone Capital Partners.

The company intends to use the funds to expand its service around globally.

Founded in 2009 by Mark Gainey, CEO, Strava provides free mobile apps and a website for athletes globally to discover and plan workouts, record and share activities, and analyze and compare performance.
Used by professional and amateur athletes, the platform expanded its business in 2014 to connect athletes in 11 languages across 23 different sports.



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