Neil Tolaney, General Partner at TCV says, "TCV has been bullish on and an active investor in the connected fitness and health ecosystems over an extended duration. As the largest and most engaged community of athletes in the world, Strava is uniquely positioned and boasts a strong value proposition for athletes and partners alike."
"Strava's community and unique product offerings motivate athletes to lead healthier, more active lifestyles," says Tolaney. "In addition, Strava's outsized growth in community membership, activities and subscribers demonstrates its importance for athletes to best fulfill their objectives."
Other investors participating in the financing round included Dragoneer Investment Group and existing investors including Madrone Capital Partners, Jackson Square Ventures and Go4it Capital.