Popular Fitness App Strava Clinches Valuation of More Than $2 Billion
Strava, the popular running and exercise app, has completed a fresh round of fundraising valuing the business at $2.2 billion including debt, Chief Executive Mike Martin said. The company is also announcing its second acquisition in two months.
The app surged in popularity during the Covid-19 pandemic, when people were going outdoors more for exercise, and has continued to ride health trends.
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