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Times

Strava's valuation boosted to $2.2bn after acquisition of Runna

Strava, the American exercise tracking platform beloved by middle-aged men in lycra, has built on the momentum it gained during the pandemic to reach a valuation of $2.2 billion. It is the first time Strava has disclosed its valuation since a fundraising round in November 2020, when it was valued at $1.5 billion as millions of new subscribers flocked to the platform during Covid lockdowns. Where other pandemic hits have since struggled to attract new subscribers, Strava's growth has continued, driven largely by the popularity of running, with 1 billion runs recorded on the app last year. • Strava buys UK app Runna with multimillion-pound payday for founders The company further bolstered its offering for runners with the acquisition of Runna, a London-based coaching app,