• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Strava to acquire Runna amid surge in demand for personalized training

by April 17, 2025
by April 17, 2025

Strava, the fitness tracking platform with over 150 million users globally, announced on Thursday that it has entered into a definitive agreement to acquire Runna, a UK-based tech company known for its personalized running training plans and coaching.

The move signals Strava’s growing ambitions in the booming running space and its intent to broaden offerings beyond workout tracking.

The financial terms of the deal were not disclosed, but Strava confirmed the transaction remains subject to customary closing conditions.

Strava taps into rising interest in running

The acquisition comes at a time when global interest in running is surging.

According to Strava’s internal data, nearly one billion runs were logged on the platform in 2024, making running the fastest-growing sport globally.

Notably, Gen Z users have turned to running not just for fitness but as a way to find community and purpose.

“Coming off Strava’s accelerated innovation and unprecedented growth last year, it was the right time to look for complementary businesses that could create even greater value for our users,” said Michael Martin, chief executive officer of Strava.

“Runna’s mission to give every runner a personalized plan to achieve their goal is a perfect fit.”

The company highlighted that 43% of its users are aiming to complete a major race or event in 2025, driving a spike in demand for customized training plans.

Runna to remain independent for now

Runna, founded in 2021 by Dom Maskell and Ben Parker, has grown rapidly, becoming one of the most highly rated running apps across iOS and Android.

Officially launched in 2022, the app is now available in over 180 countries and was a finalist for Apple’s App of the Year in 2024.

Strava plans to keep Runna operating as a separate app for the foreseeable future while investing in its continued growth.

“I have been deeply impressed with Dom, Ben and the Runna team,” said Martin.

“Our plan is to keep the apps separate for the foreseeable future, to invest in growing the Runna team and further accelerate the development of the Runna app,” he said.

Co-founder Dom Maskell expressed enthusiasm about the acquisition. “We are delighted to become part of Strava,” he said.

“We’ve spent many hours with the Strava leadership and are excited to be on the same team.” Co-founder Ben Parker added that the partnership will allow Runna to enhance its services for runners around the world.

Broader commitment to open fitness ecosystem

The deal also aligns with Strava’s efforts to strengthen its developer ecosystem.

Over 100 training apps currently integrate with Strava’s API, and the company emphasized that this acquisition will not alter its commitment to being an open platform for developers.

“Strava is the community for all active people regardless of sport, skill level, location, app or device,” Martin said.

“We’re proud to recognize and invest in an API developer like Runna.”

As Strava continues to build on its position as a hub for active lifestyles, the acquisition of Runna reflects its broader strategy to offer more personalized, goal-driven experiences to its user base.

The post Strava to acquire Runna amid surge in demand for personalized training appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Herbalife stock forms rare triangle pattern pointing to a drop to $5
next post
Japan reports record $63B US trade surplus amid high-stakes tariff talks

Related Posts

Jane Street Ban to dampen India’s stock exchange’s...

July 13, 2025

Lloyds in advanced talks to acquire fintech firm...

July 13, 2025

Why India is rushing to build bigger banks...

July 13, 2025

Wall Street braces for weakest earnings season since...

July 13, 2025

Top 4 catalysts for the S&P 500 Index...

July 13, 2025

This AI just got a job at Goldman...

July 12, 2025

NIO stock: is Onvo L90 launch a big...

July 12, 2025

AMC shares pop 9% after Wedbush upgrades to...

July 12, 2025

New CEO- is that what Apple stock needs...

July 12, 2025

Interview: Anticipate certain govt depts to start exploring...

July 12, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Jane Street Ban to dampen India’s stock exchange’s rally and valuation

    July 13, 2025
  • Lloyds in advanced talks to acquire fintech firm Curve for £120M: report

    July 13, 2025
  • Why India is rushing to build bigger banks and what’s standing in the way

    July 13, 2025
  • Wall Street braces for weakest earnings season since 2023 amid market highs

    July 13, 2025
  • Top 4 catalysts for the S&P 500 Index and its ETFs like VOO and SPY

    July 13, 2025
  • DAVID MARCUS: Trump is flunking his MAGA base’s Jeffrey Epstein test

    July 13, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,808)
  • Editor's Pick (184)
  • Investing (185)
  • Stock (1,186)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Asian markets open: Nikkei rises 0.31%, Sensex...

July 8, 2025

Monster Beverage stock slide 3% after this...

July 10, 2025

Archer Aviation stock analysis: ACHR nears make-or-break...

May 14, 2025