Strava, an exercise-tracking app last valued at $2.2 billion, is benefitting from Gen Z’s obsession with run clubs and marathons and is looking toward a future IPO, according to its CEO.
Martin declined to provide more detail to the FT on when the company would go public. A spokesperson for Strava did not immediately respond to a request for comment.
And among the 5,000 Strava users and non-users surveyed, 1 in 5 Gen Z respondents went on a date with someone they met through a running club and were four times more likely to want to meet people while exercising than at a bar.
On going public, Horvath also said in 2022, “It’s a means to an end and it’s something we would consider at the right time.”
