+9%

est. 2Y upside i

HealthcareSeries D+

Strava is the world’s social network for athletes, tracking cycling, running and more for smarter training, constant improvement and endless exploring.

Rank

#2595

Sector

HealthTech

Est. Liquidity

~2Y

Data Quality

Data: Medium

Strava offers moderate expected upside (~9%) over 2 years given its high valuation and critical incumbent threats, but IPO could unlock significant value.

Last updated: July 3, 2026

Bull (20%)+82%

IPO momentum and category leadership sustain 7x multiple on $896M revenue (2028 run rate), yielding $6.27B exit. Driven by successful public listing and network effects.

Base (40%)+17%

Exit multiple converges to ~4.5x, in line with fitness tech comps, on $896M revenue, yielding $4.03B. Steady growth but no multiple expansion.

Bear (40%)-35%

Multiple compresses to 2.5x due to Apple/Garmin competition and privacy headwinds, on $896M revenue, yielding $2.24B. Common stock settlement near preference floor.

Est. time to liquidity~1.5 years

Preference Stack Risk

low

Funding Intensity

520%

Total funding of $180M against $3.45B valuation (5.2% overhang) poses minimal preference threat to common stock.

Dilution Risk

low

Company is pre-IPO with sufficient cash, no further fundraising expected within 2 years; dilution from option pools is standard, but no major capital raise likely.

Secondary Liquidity

active

Secondary market trades at $3.45B valuation provide liquidity options for early employees before IPO.

View all 40 open roles at Strava →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Strava's data — designed to show you've done your homework.

  • 1

    “How would you defend Strava's network effect against Apple and Garmin's hardware integration?”

  • 2

    “What monetization levers beyond subscriptions can Strava pull to accelerate growth?”

  • 3

    “What is your personal view on equity compensation risk at a pre-IPO company facing regulatory scrutiny?”

Community

Valuation Sentiment

Our model estimates +9% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.