Thursday, May 22, 2025

Running app Strava raised new funding at a $2.2B valuation including debt, up from $1.5B after raising $110M in November 2020, and nears $500M in ARR (Ben Glickman/Wall Street Journal)

Ben Glickman / Wall Street Journal:
Running app Strava raised new funding at a $2.2B valuation including debt, up from $1.5B after raising $110M in November 2020, and nears $500M in ARR  —  Strava, whose valuation includes debt, says it acquired cycling app The Breakaway  —  Strava, the popular running and exercise app …



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Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researchers quit via Slack during an all-hands (The Information)

The Information : Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researc...