Fitness app Strava reached a $2.2 billion valuation after raising an undisclosed amount of new funding including debt, The Wall Street Journal reported. The new deal represents a nice boost for the company, which last raised funding in 2020 at a $1.5 billion valuation. Along with the funding, Strava said it has acquired a training app for cyclists called The Breakaway for an undisclosed amount. The Truckee, California-based startup had raised $2.9 million, according to Crunchbase. That acquisition follows Strava's purchase last month of London-based running training app Runna for an undisclosed amount as well. Like many fitness apps, San Francisco-based Strava saw a surge in popularity during the pandemic. The app is used by people to track running, cycling, hiking, swimming and dozens of other fitness activities. Users can also track their fitness progress in the app and share activities and photos with friends on a social media-like feed. In recent years, Strava has added...
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