Strava Raises $12.6M in Series B Funding
Summary
Strava, Inc., a San Francisco-based developer of Web and mobile apps for athletes, has raised $12.6m in a Series B funding.The round was led by Madrone Capital, with participation from existing investor Sigma Partners, which led the Series A funding (read here).The company intends to use the funds to extend to other sports beyond cycling (including running and triathlon in the near term) and expand to mobile platforms (it is currently available for iPhone and Android) and internationally.Founded by CEO Michael Horvath, and Mark Gainey, Strava provides GPS-based solutions that enable (Garmin) users to track milestones and compete with themselves and others to improve their performance.FinSMEs 27/07/2011
Funding
Amount
$12.6M
Total raised
Date
July 27, 2011
Announcement date
Investors
-
Lead investors
Company
http://www.strava.com
Funded company
Classifications
industries
No industries detected
applications
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AskAI Classifications
Labels
Consumer Software
Fitness Technology
SaaS
Linked Companies
Strava
$25M to $50M