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Strava Seeks New Investors at $1 Billion-Plus Valuation

October 2, 2020

Strava Inc., a social network for athletes with nearly 70 million global registered users, is looking to raise its equity by more than $1 billion, also hiring an adviser to raise between $150 million and $400 million. A deal that vaults the company to unicorn status would roughly triple Strava’s prior valuation of $365 million. Read more on Bloomberg.