The next $1B consumer startup will be a vertical social network - here's why
The Rise Of Niche And Vertical Social Networks
Vertical social network for [120M](https://askwonder.com/research/globally-people-practice-hiking-global-market-size-sport-ydayybulj#:~:text=Thank you for your question,for hiking is %2412.24 billion.) hikers globally.
AllTrails helps people across the globe soak in the outdoors. Our app provides detailed, hand-curated trail maps, along with reviews and photos crowdsourced from a community of over 20 million hikers, backpackers, mountain bikers, and trail runners. With over 100 thousand trails, users can filter to find the route that's right for them, and hit the trail with confidence.
AllTrails has raised a total of $77.9M in funding over 6 rounds. Their latest funding was raised on Oct 12, 2018 from a Private Equity round. AllTrails is funded by 10 investors. Spectrum Equity and Olivier Chaine are the most recent investors. AllTrails has acquired 4 organizations. Their most recent acquisition was GPSies on Jul 30, 2019.
To conclude, the total number of those that participate in running globally is 621.16 million people, while the estimate of the total market size of the running industry based on running gear is 11.56 billion and projected to grow at a CAGR of more than 7%.
Strava is the leading social platform for athletes and the largest sports community in the world, with over 73 million athletes in 195 countries.
Strava has raised a total of $151.9M in funding over 7 rounds. Their latest funding was raised on Nov 17, 2020 from a Series F round. Strava is funded by 7 investors. TCV and Madrone Capital Partners are the most recent investors. Strava has a post-money valuation in the range of $500M to $1B as of Nov 16, 2020, according to PrivCo. Sign up for a free trial to view exact valuation and search companies with similar valuations.
Rough estimates of the global number of recreational fishers (from here on referred to as anglers) vary widely, from a minimum of 220 million to a maximum of 700 million, with this higher estimate almost twice the number of commercial fishers.