Fitness App Strava Prepares for New York IPO Amid Surging Growth
Strava, the fitness tracking app beloved by runners and cyclists, is gearing up for a New York IPO. The San Francisco-based company, last valued at $2.2 billion in May, sees the public listing as a springboard for future acquisitions. CEO Michael Martin told the Financial Times the move WOULD capitalize on its rare growth trajectory.
The app's user base has skyrocketed to 50 million monthly active users in 2025, with downloads increasing 80% year-over-year. Recent acquisitions like UK coaching app Runna have further fueled expansion. Strava's IPO valuation could surpass current estimates given this momentum.
Backed by Sequoia Capital and TCV, Strava has become the social network for athletes. Its platform lets users log runs, rides, and other activities while sharing performance metrics with peers. This community-driven approach has created a defensible moat in the competitive fitness tech space.
