SweatPals
About this raise
SweatPals, with a valuation of $15 million, is raising funds on Wefunder. The company has developed an app that connects fitness enthusiasts with sports and fitness communities. SweatPals helps people build social networks based on shared fitness interests and empowers fitness leaders to monetize their passion by providing group chats, waivers, and ticketing. The platform has 40,000 members and has enabled 8,000 events, 450 communities, and 83,000 attendees in the first year of operations. Salar Shahini and Mandi Zhou founded SweatPals in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $550,000. The campaign proceeds will be used for engineering, product improvement, and marketing.
Investment Overview
Invested : $189,295
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/01/2024
- Close Date
- 04/29/2024
$50,000
$550,000
$200
SAFE
Seed
RegCF
$10,000,000
$15,000,000
0%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,265,350
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | Wefunder | $15,000,000 | $189,295 | SAFE | Funded | RegCF |
Founder Interview
SweatPals: Shaping Fitness Networking
SweatPals, under founder and CEO Salar Shahini's leadership, is reinventing how people connect through fitness and sports. This fitness marketplace app is a tool for finding workout buddies and a platform that fosters community and belonging among fitness enthusiasts. In this interview, Salar Shahini shares the inspiration behind SweatPals, the journey of building a diverse team, and his vision for making SweatPals a global phenomenon in connecting people through shared health interests.