Strava has confirmed that it has submitted a draft of its proposed intention to take the company public and is now waiting for government regulators within to review the filing. The San Francisco-based fitness technology company said in a formal notice issued on February 2 to signal to the the U.S. Securities and Exchange Commission …
Strava has fired has fired an employee who was arrested outside of a San Francisco restaurant on Saturday on charges of public intoxication after a violent incident that was caught on video and has since gone viral. Shireen Afkari, who was identified by the San Francisco Police Department, was seen verbally and physically assaulting staff …
Strava released its 12th Annual Year in Sport Trend Report on Friday, with running still dominating as the top activity on the platform as run clubs continued to grow on the platform while walking surged to second position among workouts synced to the app. The report is a detailed breakdown of insights into how Strava's …
Strava has dropped its lawsuit against Garmin, telling a court in Colorado on Tuesday that it is "voluntarily" stepping away from the legal battle it launched 21 days ago alleging patent infringement. In a filing in the U.S. District Court in Colorado, Strava noted that it "voluntarily dismisses the above-captioned action, without prejudice." It puts …
Ahead of a November 1 deadline, Strava will apparently comply with new rules set by Garmin to specific that brand attribution must be credited on an platform that sources Garmin-derived data. In an email circulated by Strava on October 11, any developer using Strava's API on its platforms and apps must allow users to see …
Strava is accusing Garmin of infringing on a pair of patents relating to segments and heatmaps, according to a federal lawsuit filed in Colorado on Tuesday. The two companies entered an agreement in 2015 to jointly develop Garmin's segments, a concept Strava filed a patent for in 2011 (which it introduced in 2009). Strava claims …
Strava is seeking investment banks for its initial public offering following a busy year of acquisitions and a $2.2 billion valuation, according to published reports. In an article by Reuters on Thursday, the San Francisco-based company has asked Goldman Sachs, JPMorgan and Morgan Stanley and other banks to consult on for roles on the prospective …
In its first strategic move since acquiring training app Runna in April, Strava announced on Wednesday that it will now offer a joint subscription for both services. The move is a step toward uniting the platforms and will cost users $149.99 as a yearly buy-in — with no monthly tier as an option. According to …
After a recent round of funding, Strava's valuation has reached $2.2 billion, including debt, based on a published report and statements from CEO Mike Martin on Thursday. According to the Wall Street Journal, the popular running and multisport exercise app just finished another round of fundraising led by Sequoia Capital with existing investors Jackson Square …
Strava announced on Thursday that it is acquiring London-based training app Runna, in a deal that will unite two of the most popular technology fitness powers. The terms of the deal have not been revealed but bringing Runna into Strava's portfolio creates a training and social giant that could potentially service hundreds of millions of …