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Fitness Apps

Strava Raises $110 Million in Series F Funding

17 November 2020

Fitness tracking and social media platform Strava has raised $110 million in new funding in a Series F round led by TCV and Sequoia. The funding will be used to improve existing technology, develop new features for the Strava app and to expand the company’s reach to more users. Strava has seen significant growth in 2020. The company has reported that it added over 2 million new users per month in 2020. Along with activity tracking, the app offers social network features like virtual competitions and community goal setting. 

The company now has 70 million members with a presence in 195 countries, making it one of the largest social media platforms for fitness enthusiasts in the world. This year, the company debuted a new Strava Metro service to provide anonymized, aggregated data for urban planners and transport managers to understand how people get around their cities, improve infrastructure and implement safer streets initiatives. The company has reported that the data it collects has been used by more than 300 city governments and urban planners. 

We have included a selection of our most popular market research on fitness apps below.

Research and Markets offers more information on this topic:

Fitness App Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026- Product Image
Fitness App Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026- Product Image
Fitness App Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026
  • From
  • Report
  • April 2020
  • 100 Pages
  • Region: Global
The report on the global fitness app market provides qualitative and quantitative analysis for the period from 2018 to 2026. The report predicts the global fitness app market to grow with a CAGR of 9.2% over...
Sports and Fitness App - Global Market Outlook (2019-2027)- Product Image
Sports and Fitness App - Global Market Outlook (2019-2027)- Product Image
Sports and Fitness App - Global Market Outlook (2019-2027)
  • From
  • Report
  • August 2020
  • 198 Pages
According to the report, the Global Sports and Fitness Apps Market is expected to grow at a CAGR of 22.4% during the forecast period. Rise in the investments from the leading companies towards the development...
Global Virtual Fitness Market Size, by Streaming Type, Device Type, Session Type, Revenue Model and End User, By Region, Trend Analysis, Market Competition Scenario & Outlook, 2020-2026- Product Image
Global Virtual Fitness Market Size, by Streaming Type, Device Type, Session Type, Revenue Model and End User, By Region, Trend Analysis, Market Competition Scenario & Outlook, 2020-2026- Product Image
Global Virtual Fitness Market Size, by Streaming Type, Device Type, Session Type, Revenue Model and End User, By Region, Trend Analysis, Market Competition Scenario & Outlook, 2020-2026
  • From
  • Report
  • August 2020
  • 172 Pages
  • Region: Global
Global Online Fitness Market Size to Grow 6X by 2026 at a Staggering CAGR of 33.1% According to the publisher, the Global Online/Virtual Fitness Market is expected to reach USD 44,741 million in 2026 from...
Wearable Devices in Sports Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)- Product Image
Wearable Devices in Sports Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)- Product Image
Wearable Devices in Sports Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
  • From
  • Report
  • January 2021
  • 100 Pages
  • Region: Global
The Wearable Devices in Sports Market is expected to grow at a CAGR of 9.82% over the forecast period (2021-2026). The wearable technology and devices market is unfolding at a rapid pace, with the industry going...
Online/Virtual Fitness Market by Streaming Type, Device Type, Session Type, Revenue Model and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027- Product Image
Online/Virtual Fitness Market by Streaming Type, Device Type, Session Type, Revenue Model and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027- Product Image
Sale
Online/Virtual Fitness Market by Streaming Type, Device Type, Session Type, Revenue Model and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027
  • From
  • Report
  • July 2020
  • 315 Pages
  • Region: Global
Virtual or online fitness is the fusion of workout with technology. The online workouts are designed for ease and convenience of individual to suit their schedule and needs. Typically, the virtual workout sessions...