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Announced

Completed

TCV and Sequoia Capital led a $110m Series F funding round in Strava.

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Technology Hardware

application software

Software

Online and Social Platforms

Acquisition

Private

United States

Domestic

Friendly

Technology Hardware

Venture Capital

Minority

Synopsis

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Private equity firms TCV and Sequoia Capital led a $110m Series F funding round in Strava, a social platform for athletes, with participation by Dragoneer Investment Group and existing investors including Madrone Capital Partners, Jackson Square Ventures and Go4it Capital. "Strava has spent a decade accumulating the mojo required to help people become healthier and fitter. In the future, being on Strava will be essential for anyone aspiring to live a healthy life," Michael Moritz, Sequoia Partner.

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