Fresh Off $2.2B Valuation, Strava Said To Be Prepping for IPO

September 17, 2025

Strava is gearing up for a U.S. initial public offering, with the San Francisco-based social fitness platform said to have invited Goldman Sachs, JPMorgan and Morgan Stanley to pitch for roles, according to a report.

The move comes just months after Strava closed a fundraising round valuing the platform at $2.2 billion, including debt. The company has also been aggressively expanding its ecosystem through acquisitions.

In May, Strava acquired the cycling training app The Breakaway, just weeks after picking up Runna, a run-focused training app born in the U.K.

The rumored IPO plans also follow two key leadership hires that the fitness app said are meant to prepare Strava for its next stage of growth. In August, the company named Matt Anderson as chief financial officer and Louisa Wee as chief marketing officer. Notably, Anderson previously served as CFO at Nextdoor, where he helped guide the company through its public listing, and earlier led corporate finance and strategy at Block (formerly Square) during its 2015 IPO. Athletech News