All Deals
May 27, 2025 - Deals
Strava Raises Funding At $2.2 Billion Valuation Led By Sequoia Capital
Strava, a San Francisco-based fitness app provider, has raised an undisclosed amount at a $2.2 billion valuation (including debt) in a round led by Sequoia Capital, with participation from TCV, Jackson Square Ventures, and Go4it Capital. Led by CEO Michael Martin, Strava serves over 150 million users across 185+ countries and will use the new funding to expand operations and broaden its business reach. In April 2025, the company also acquired UK-based Runna, a personalized running training app founded by Dom Maskell.
INVESTORS: Sequoia Capital, TCV, Jackson Square Ventures & Go4it Capital
VALUATION: $2,200,000,000
HQ: #SanFrancisco #California
#VentureCapital #Strava #MichaelMartin #SequoiaCapital #TCV #JacksonSquareVentures #Go4itCapital
#TradedVC
More Deals
View All
Ferrero Acquires Purely Elizabeth For Estimated $850 MillionPurely Elizabeth started with homemade muffins and a $5,000 bet from founder Elizabeth Stein. More than a decade later, the better-for-you food brand has grown to 30,000+ stores and is being acquired by Ferrero for an estimated $850M+.
Stein built the company slowly, waiting years before raising outside capital and expanding from Whole Foods into Target and Walmart. Now, she’ll remain CEO as Purely Elizabeth enters its next chapter under Ferrero.
A founder-led food brand, built without rushing the process.
#VentureCapital #PurelyElizabeth #ElizabethStein #CPG #TradedVC
NVent Electric Acquires Maverick Power For $1.75 Billion To Enhance Power InfrastructurenVent Electric has agreed to acquire Maverick Power for $1.75 billion, with up to $550 million in additional performance-based consideration, as it expands its power infrastructure capabilities to meet rising AI data center demand. The McKinney, Texas-based manufacturer of engineered power distribution solutions, which is expected to generate about $700 million in revenue this year, will strengthen nVent’s offerings across switchgear, switchboards, and modular solutions; nVent CEO Beth Wozniak said the deal will enhance the company’s ability to serve data center customers.
SALE PRICE: $1,750,000,000
HQ: St. Louis Park, Minnesota
#VentureCapital #nVentElectric #MaverickPower #TradedVC