Strava Rides to $12.6M
Strava, the San Francisco-based maker of mobile fitness tracking software for cyclists, said today that it has raised $12.6 million in Series B funding. Madrone Capital Partners of Menlo Park, CA, led the round, which was joined the Sigma Partners. The company says it plans to use the funds to expand from cycling into running and triathlons, and to expand internationally, and to create versions of its software for mobile devices. Strava raised $3.5 million in Series A funding in January 2011.