Strava acquires Fatmap, a 3D mapping platform for the great outdoors

News Summary

  • Strava, the activity tracking and social community platform used by more than 100 million people globally, has acquired Fatmap, a European company that’s building a high-resolution 3D global map platform for the great outdoors.
  • The company has increasingly been targeting hikers too, and last year it launched a new trail sports and routes option aimed at walkers, mountain bikers, and trail runners.Fatmap, for its part, was founded a decade ago, with an initial focus on providing ski resorts with high-resolution digital maps.
  • So while the price of this deal could comfortably be in the 9-digit range, having Fatmap on board potentially makes Strava a far stickier proposition for a greater number of people — not just cycling and running for which it’s better known.
  • *An earlier version of this article stated that Fatmap had raised around $8 million in funding so far.
Strava, the activity tracking and social community platform used by more than 100 million people globally, has acquired Fatmap, a European company thats building a highresolution 3D global map plat [+5208 chars]