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Sweatcoin is a digital currency backed by physical activity in its simplest form -- steps. Steps are verified to avoid cheating and converted into Sweatcoins by a proprietary algorithm and a mobile app. Sweatcoins can be spent in Sweatcoin Marketplace on products provided by vendors. As of January 2018, there were 30+m registered users with zero direct marketing spend, 7+m monthly active users, and more than 300 vendors in the US&UK accepting Sweatcoin.

The business is revenue generating with a healthy upward trend. It’s been top of the US&UK AppStore in the Health & Wellness category since 09/2017. Most importantly, it delivers on its mission to make people more physically active: even after 6 months from install it drives a sustainable + 19.5% uplift in physical activity.

The vision for Sweatcoin is to become a global, nation-state independent cryptocurrency to facilitate value exchange between users (including user-to-user) and vendors.
Worked at @MNEMONIC
Co-founder of Sweatcoin
Entrepreneur: co-founder @Sweatcoin. Investor: founder @Talent Equity Ventures, seed stage VC investing in HRtech
Total raised

$5.7M

Funded over

1 round

Latest round

Seed (Jan 2018)

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