Fri, 18 Apr 2025 | BUSINESS SALE
Fitness app Strava is set to buy UK tech company Runna, which develops personalised running training plans and coaching.
Runna was launched in 2022 and has helped millions of runners complete their first race.
“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, Strava. “Running is booming worldwide—nearly 1 billion runs were recorded on Strava in 2024. Runna’s mission to give every runner a personalised plan to achieve their goal is a perfect fit.”
According to Strava’s Year In Sport data, running is the fastest growing sport globally, and Gen Z in particular are turning to running to create community and connection. This has created a sharp increase in race participation, with 43% of Strava users wanting to conquer a big race or event in 2025. Demand for training plans has grown quickly as more athletes look for personalised guidance.
“We are delighted to become part of Strava as we continue to focus on bringing the world the most customised and personalised training plans available,” said Dom Maskell, co-founder and chief executive officer, Runna. “We have spent many hours together with Strava senior management and we couldn’t be more excited to be on the same team.”
Fellow founder Ben Parker said: "Our passion is to give every runner a training plan and access to amazing coaching and this investment allows us to make even more improvements to everything we do at Runna, benefiting runners worldwide."
The plan is to keep the apps separate for the foreseeable future, and for Strava to invest in growing the Runna team and further accelerating its development.
The transaction is subject to customary closing conditions. Additional terms of the acquisition were not disclosed.
Find out more about developing a corporate compounder model
Here's a unique opportunity to acquire a recognised fitness brand with ten prime locations in central and west London, offering an enticing variety of wellness and exercise classes tailored to a diverse clientele.
LEASEHOLD
Opportunity to own The Royal Sportsman Hotel in Porthmadog, a well-regarded establishment with historic charm and a prime location.
FREEHOLD
An exciting opportunity to acquire the renowned Trefeddian Hotel, nestled in the picturesque seaside town of Aberdovey, Gwynedd.
FREEHOLD
09
|
Jul
|
Equipment hire firm divests welfare van fleet | DIVISION SALE
Newcastle-based equipment hire firm Nixon Hire has divested ...
09
|
Jul
|
Former care home to reopen following acquisition | COMMERCIAL PROPERTY
A former care home in Nottingham is set to reopen following ...
09
|
Jul
|
Financial advice consolidator Finli Group completes six more acquisitions | BUSINESS SALE
National financial advice firm Finli Group has continued its...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.