The social health app has been on an acquisition spree and just lately hit a $2.2B valuation, setting the stage for a attainable public itemizing
Strava is gearing up for a U.S. preliminary public providing, with the San Francisco-based social health platform mentioned to have invited Goldman Sachs, JPMorgan and Morgan Stanley to pitch for roles, in line with a report.
Reuters reported {that a} itemizing might come as early as 2026, however the publication famous that market circumstances will decide the timing and Strava has but to finalize how a lot it’ll elevate or the valuation it’ll goal.
The transfer comes simply months after Strava closed a fundraising round valuing the platform at $2.2 billion, together with debt. The corporate has additionally been aggressively expanding its ecosystem through acquisitions.
In Might, Strava acquired the biking coaching app The Breakaway, just weeks after picking up Runna, a run-focused coaching app born within the U.Okay.
The rumored IPO plans additionally comply with two key management hires that the health app mentioned are supposed to put together Strava for its subsequent stage of progress. In August, the corporate named Matt Anderson as chief monetary officer and Louisa Wee as chief advertising officer. Notably, Anderson beforehand served as CFO at Nextdoor, the place he helped information the corporate by way of its public itemizing, and earlier led company finance and technique at Block (previously Sq.) throughout its 2015 IPO.
For its half, Strava-owned Runna has rolled out Races by Runna, a new app designed to simplify race discovery amid a surge in organized events. Strava reported a virtually 70% enhance in distinctive races in 2024 in contrast with the prior yr. The app lets customers filter occasions by distance, terrain, location, and even tags resembling “dog-friendly,” syncing choices immediately with a personalised coaching plan.
Strava, which now counts over 150 million athletes throughout 185 international locations, has additionally been investing closely in product options, from AI-powered route suggestions and tappable Factors of Curiosity to new efficiency instruments like expanded Dwell Segments.
Strava didn’t instantly reply to a request for remark.
