Strava, the online network connecting the global community of athletes, has partnered with Sequoia and secured $18.5 million in financing.
Existing investors Sigma West and Madrone Capital Partners also participated in the round. This funding will allow Strava to fuel the expansion of its service around the world and strengthen its leadership in digital sports.
Mark Gainey, co-founder and CEO at Strava said:
Since day one we have focused on building a network that serves to motivate and entertain the world’s athletes. With Sequoia joining our team, we are better positioned to execute our mission and strengthen Strava’s leadership in digital sports.
Used by professional and amateur athletes alike, Strava expanded its business in 2014 to connect athletes in 11 languages across 23 different sports. Hundreds of millions of activities have been shared on Strava from all seven continents, allowing for new data-driven services like Strava Metro. Today, approximately three million activities are tracked and shared by the Strava community each week.