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Strava, the exercise monitoring and social neighborhood platform utilized by greater than 100 million individuals globally, has acquired Fatmap, a European firm that’s constructing a high-resolution 3D international map platform for the good outside. Phrases of the deal weren’t disclosed.
Based in 2009, Strava has emerged as one of many preeminent exercise monitoring providers, proving significantly widespread within the biking and operating fraternities which use the Strava app to plot routes, converse with fellow athletes, and report all their motion for posterity through GPS. The corporate has more and more been focusing on hikers too, and final 12 months it launched a brand new path sports activities and routes choice geared toward walkers, mountain bikers, and path runners.
Fatmap, for its half, was based a decade in the past, with an preliminary concentrate on offering ski resorts with high-resolution digital maps. Within the intervening years, the corporate has labored with numerous satellite tv for pc and aerospace corporations to bolster its platform with detailed maps incorporating summits, rivers, passes, paths, huts, and extra, arming anybody venturing into mountainous terrain the data they should know precisely what they’ll encounter earlier than they arrive.
Fatmap in motion Picture Credit: Fatmap / Strava
With 1.6 million registered customers, Fatmap’s mission, in the end, is to be the Google Maps of the good outside, with a premium subscription ($30 / 12 months) unlocking entry to additional options equivalent to downloadable maps and route planning within the cell app.
Built-in
The final word long-term objective for Strava is to combine Fatmap’s core platform into Strava itself, however that shall be a resource-intensive endeavor that received’t occur in a single day. And that’s the reason Strava is working to create a single sign-on (SSO) integration within the near-term, which means that subscribers will be capable to entry the total Fatmap feature-set by logging into the Fatmap app with their Strava credentials.
Whereas Strava and Fatmap will stay separate merchandise for now, Strava stated that it’s going to determine sooner or later whether or not Fatmap will dwell on as a standalone product as soon as the technical integration has taken place.
CEO and cofounder Michael Horvath, who stepped down in 2013 earlier than returning as head honcho six years later, stated that the Fatmap acquisition is a part of Strava’s “ongoing funding to supply a best-in-class digital expertise” for these in search of an energetic way of life.
“The place different map platforms have been designed for navigating streets and cities, Fatmap constructed a map designed particularly to assist individuals discover the outside,” Horvath instructed TechCrunch in a Q&A. “We are going to allow Fatmap know-how in all of Strava’s providers, empowering anybody to find and plan an outside expertise with curated native guides, factors of curiosity and security info.”
By way of timescales, Strava stated that it has arrange a devoted staff tasked with integrating Fatmap, and it anticipates this to start out exhibiting up inside Strava from round mid-2023. The corporate was additionally fast to emphasize that Fatmap’s tech shall be out there to each free and paid-for Strava members, although sure options referring to maps, discovery, and route-planning shall be reserved for paying subscribers.
Strava supplied TechCrunch with the next mockup to provide an concept of what Fatmap would possibly seem like inside a future incarnation of Strava.
Strava / Fatmap integration mockup
Strava has raised north of $150 million in funding since its inception, with big-name backers together with esteemed Silicon Valley investor Sequoia Capital, however the firm hasn’t engaged in a lot acquisition exercise in its 14 12 months historical past. Strava did purchase harm prevention app Recuperate Athletics final Might for an undisclosed determine although, and at present we’ve realized that Strava additionally purchased on-line athlete neighborhood Prokit in 2021, one thing that Strava didn’t formally announce on the time.
It’s clear that the proprietary 3D mapping know-how Fatmap had developed would have taken an excessive amount of time and sources for Strava to copy itself from scratch, which is why shopping for Fatmap outright seemingly made extra sense on this occasion.
“Strava’s major objective is to be the digital expertise on the heart of energetic individuals’s lives — that features providing individuals a holistic view of their energetic way of life, irrespective of the place they dwell, which sport they love or what gadget they use,” Horvath stated. “This idea fuels a lot of our strategic pondering and product roadmap. For acquisitions particularly, we discover these that may speed up our strategic imaginative and prescient to create the most effective subscription service for energetic individuals serving the biggest energetic neighborhood on the planet.”
Whereas Fatmap is integrated within the U.Ok. and has a part of its workforce primarily based there, the majority of its 50 staff are unfold throughout workplaces in France, Germany and Lithuania. Strava stated that it’s preserving the Fatmap staff in tact, and every will proceed to report back to Fatmap founder and CEO Misha Gopaul, who will now function VP of Product at Strava and report back to Strava’s chief product and know-how officer Steve Lloyd.
Whereas Strava isn’t revealing how a lot it paid for Fatmap, the startup had solely raised round $8 million so the deal is unlikely to interrupt the financial institution for Strava. What it is going to do, although, alongside its different two latest acquisitions, is make Strava a stickier proposition for a better variety of individuals — not simply biking and operating for which Strava is healthier recognized.
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