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Sweat Economy - Undisclosed
Overview
Funding Date
July 28, 2022
Financing amount
$13M
Valuation
--
Category
About Sweat Economy - Undisclosed
Sweat Economy, the team behind health app Sweatcoin, closed a $13 million round led by Spartan Capital. According to an announcement this morning, Electric Capital, OKX Blockdream Ventures, Goodwater Capital and GSR Capital also participated in the round, which was comprised of both equity funding and a private token sale.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2008 | 10 | -- | ||
| Fund | United States of America | 2018 | 78 | -- | ||
| Corporate | Hong Kong | 2017 | 148 | [email protected] | ||
| Fund | United States of America | 2014 | 17 | -- | ||
| Fund | Hong Kong | 2013 | 162 | [email protected] | ||
| Corporate | -- | 2021 | 8 | -- | ||
| Foundation | Switzerland | -- | 22 | [email protected] |
Founders & Team
Oleg Fomenko
Company Profile / Project Introduction
Established in 2015, Sweat Economy is on a mission to promote healthier living by encouraging people to move more. Over 100M users rely on Sweatcoin to incentivize their daily movement with the app currently the most downloaded Health and Fitness app in the world. The Web2 app awards ‘sweatcoins,’ dubbed "Airmiles for steps" that can be redeemed for branded products, digital services and charitable donations.
Sweat Economy is now focused on leveraging Web3’s many opportunities to bring its users even more rewards. 2022 will see the release of SWEAT and accompanying Sweat Wallet App, with a Token Generation Event scheduled for September 12.