About Sweatcoin
Sweatcoin is a company based in London (United Kingdom) founded in 2015 by Egor Khmelev, Anton Derlyatka, and Oleg Fomenko. It operates as a HealthTech, and Commission-Based. Sweatcoin has raised $14.49 million across 3 funding rounds from investors including Spartan Partners, NEAR Foundation and Electric Capital. The company has 34 employees as of September 30, 2023. Sweatcoin offers products and services including Sweatcoin App. Sweatcoin operates in a competitive market with competitors including Charity Miles, Km Solidario, Charity Footprints, Benefit Tech and Community Challeng, among others.
- Headquarter London, United Kingdom
- Employees 34 as on 30 Sep, 2023
- Founders Egor Khmelev, Anton Derlyatka, Oleg Fomenko
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sweatco Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.49 M (USD)
in 3 rounds
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Latest Funding Round
$13 M (USD), Series A
Jul 28, 2022
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Investors
Spartan Partners
& 6 more
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Employee Count
34
as on Sep 30, 2023
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Products & Services of Sweatcoin
Sweatcoin offers a comprehensive portfolio of products and services, including Sweatcoin App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
An app rewarding users for walking and activity.
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Funding Insights of Sweatcoin
Sweatcoin has successfully raised a total of $14.49M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $13.0M
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First Round
First Round
(21 Jan 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Sweatcoin | Valuation |
investors |
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| May, 2016 | Amount | Seed - Sweatcoin | Valuation |
investors |
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| Jan, 2015 | Amount | Seed - Sweatcoin | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sweatcoin
Sweatcoin has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Spartan Partners, NEAR Foundation and Electric Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cryptocurrency investment firm
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Founded Year | Domain | Location | |
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Venture capital and funds of fund firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sweatcoin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sweatcoin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sweatcoin Comparisons
Competitors of Sweatcoin
Sweatcoin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Charity Miles, Km Solidario, Charity Footprints, Benefit Tech and Community Challeng, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile-based application for fundraising
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| domain | founded_year | HQ Location |
A mobile app for tracking physical activities and converting rewards into charitable donations.
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| domain | founded_year | HQ Location |
Offers virtual races and wellness events for fundraising and employee health promotion.
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| domain | founded_year | HQ Location |
App for fitness tracking
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| domain | founded_year | HQ Location |
Nonprofit organization offering health coaching, webinars, and community challenges.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sweatcoin
Frequently Asked Questions about Sweatcoin
When was Sweatcoin founded?
Sweatcoin was founded in 2015.
Where is Sweatcoin located?
Sweatcoin is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Sweatcoin a funded company?
Sweatcoin is a funded company, having raised a total of $14.49M across 3 funding rounds to date. The company's 1st funding round was a Seed of $892.29K, raised on Jan 21, 2015.
How many employees does Sweatcoin have?
As of Sep 30, 2023, the latest employee count at Sweatcoin is 34.
What does Sweatcoin do?
Sweatcoin is designed as a health and fitness application to promote physical activity by rewarding users for walking. It operates in over 70 countries, focusing on creating a healthier lifestyle and sustainable behavioral change. Partnerships with health services, brands, insurers, and governments are leveraged to provide incentives and reduce healthcare costs. Solutions include personalized health stats and a marketplace for redeeming rewards like tech products and services.
Who are the top competitors of Sweatcoin?
Sweatcoin's top competitors include Charity Miles, Benefit Tech and Million Steps.
What products or services does Sweatcoin offer?
Sweatcoin offers Sweatcoin App.
Who are Sweatcoin's investors?
Sweatcoin has 7 investors. Key investors include Spartan Partners, NEAR Foundation, Electric Capital, Jump Capital, and GSR Capital.
What is Sweatcoin's valuation?
The valuation of Sweatcoin is $2.42M as of Jan 2015.