Sweatcoin company logo
Sweatcoin is a new breed of step counter and activity tracker app that pays you digital currency51-200 Employees
  • Growth Stage
    Expanding market presence
  • Top Investors
    This company has received a significant amount of investment from top investors
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Location
Company size
51-200 people
Total raised
$5.7M
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Sweatcoin has been created with the mission to motivate people to be more physically active and fight the obesity problem that costs global economy billions of dollars in direct costs every year, not mentioning the broader negative impact. Sweatcoin started as a fitness app that converts steps into a virtually currency (“sweatcoins”) and has an internal marketplace that allows users to buy real goods and services with their sweatcoins. As of August 2018, there were more than 400 vendors in the UK, US and Canada accepting Sweatcoin as a means of payment. Currently Sweatcoin has over 17M downloads of which more than 5M users are logging into the app weekly. SweatCo Ltd, the company behind the Sweatcoin currency, has successfully raised almost £5m in venture capital funding. The most recent £4.2m round, closed in December 2017, has been led by Goodwater Capital, a consumer technology focused Silicon Valley VC firm. Greylock Partners, Rubylight, Seedcamp, Justin Kan, founder of Twitch and Justin.tv and Rain Lohmus, founder of LHV Bank, also participated in the round.

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