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SWEATPALS

Operating

SweatPals Inc.

Sports & Recreation · Founded 2021

Connect, sweat and belong

Valuation cap ⓘ
$15.0M
As of Apr 2024 · from Reg CF Offering (2024) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$17,471,388
Crowd $189K · Private $17.3M · 2 rounds since 2024

Financials

FY2021–FY2022 · from SEC filings · hover any figure for its source
$0
2021
$12K
−$426K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$0
$12,367
Cost of goods sold
$0
$0
Gross margin
—
100%
Net income
$0
-$425,675
Taxes paid
$0
$0
Balance sheet
Cash
$0
$205,204
Accounts receivable
$0
$0
Total assets
$0
$205,204
Short-term debt
$0
$0
Long-term debt
$0
$630,879
Total liabilities
$0
$630,879
Other
Headcount
—
5

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$15.0M
Valuation cap
Reg CF · SAFE · Feb 2024

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Raised $17.3MInvestors 34
Reg CF · SAFE · Feb 2024Closedvia WeFunder
Raised $189.3K / $550KInvestors 211Valuation cap $15M

Team

2 people
Mandi ZhouFounder
Co-founder, Chief Product Officer
Salar ShahiniFounder
Founder & CEO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 3 annual reports (FY2023–FY2025)

Missing: 2023, 2024, 2025

211 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form DMay 16, 20250002010177-25-000002
    EDGAR
  • Form C/AApr 2, 20240001670254-24-000295
    EDGAR
  • Form CFeb 1, 20240001670254-24-000093
    EDGAR
Source: ManualCIK 0002010177

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.