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Sweatpals Secures $12M in Seed Funding from Patron, a16z speedrun, and HartBeat Ventures to Redefine Connection Through Fitness

Sweatpals Secures $12M in Seed Funding from Patron, a16z speedrun, and HartBeat Ventures to Redefine Connection Through Fitness

November 14, 2025 Craig Etkin

Funding will accelerate expansion of community-driven wellness platform that’s pioneering the movement from nightlife to “daylife”

AUSTIN, Texas, Oct. 28, 2025 /PRNewswire/ — Sweatpals, the community-driven fitness platform transforming how people build meaningful connections through movement, today announced it has raised $12 million in funding led by Patron, a16z speedrun, and Kevin Hart’s HartBeat Ventures. The investment will fuel Sweatpals’ national expansion and platform development as it launches tools that help gyms, studios, instructors, and wellness hosts turn their communities into thriving social ecosystems, in turn helping like-minded people find each other through fitness.

As Americans increasingly trade late nights for early mornings, the way people socialize is changing. Only 54% of adults now drink alcohol, the lowest rate ever recorded, while younger generations are choosing wellness and movement as their new way to find community. Sweatpals is leading that shift by pioneering the “daylife movement” – where wellness experiences replace nightlife as the primary way people connect, helping people meet, move, and build real friendships through shared fitness experiences instead of drinks or swipes.

Sweatpals empowers users to not only discover fitness classes, events, and communities, but also become hosts themselves, creating sustainable income streams while building authentic connections in their communities. Sweatpals brings, on average, 30% additional customers to each host on the platform.

“When I first saw Sweatpals, I immediately recognized it as the future of how we connect,” said Kevin Hart, entertainer and founder of HartBeat Ventures. “As someone who’s built my career on bringing people together through entertainment, I see Sweatpals doing the same thing through fitness. They’re leading a movement that makes wellness accessible, social, and fun, and it’s exactly the kind of innovation that excites me as an investor.”

“Sweatpals represents a fundamental shift in consumer social behavior,” said Andrew Chen, General Partner at a16z speedrun. “While others focus on digital engagement, Sweatpals drives real-world community formation with built-in monetization. They’ve cracked the code on making community building both meaningful and economically sustainable.”

Co-founded by Salar Shahini and Mandi Zhou, two tech entrepreneurs who personally experienced the power of fitness and movement in creating belonging, Sweatpals has rapidly become a home for studios owners, event organizers, and everyday people seeking connection through movement.

“We’re building the infrastructure for human connection in an increasingly lonely world,” said Salar Shahini, Founder and CEO of Sweatpals. “This funding allows us to accelerate our vision where every gym, studio, park, and community space becomes a hub for meaningful relationships – where daylife becomes as iconic as nightlife once was.”

The new capital will accelerate:

  • Studio, Gyms & Event Tools: Launching innovative platform features for studios, gyms, memberships and event organizers.
  • Nationwide Expansion: Expanding to 12 new markets by early 2026.
  • Host Monetization: Enhancing features that help hosts and organizers earn more through their communities.
  • Social Tools: Bridging the gap between attending a fitness experience and connecting with like-minded people.

“What excites us most is how Sweatpals empowers everyday people to become community leaders and entrepreneurs,” said Mandi Zhou, co-founder of Sweatpals. “We’re seeing yoga instructors, run club organizers, and fitness enthusiasts turn their passion into purpose – building communities that truly change lives.”

The investment also included participation from Max Mullen (Instacart co-founder), WndrCo (Jeffrey Katzenberg, founder of Dreamworks Animations), Antler, Pear, and Deb Liu (Facebook Marketplace, Ancestry CEO). This funding round brings Sweatpals’ total funding to $17.2M.

“Sweatpals is turning wellness into the new social currency,” said Amber Atherton at Patron. “They’re bridging tech, community, and culture to create lasting change in how people connect – that’s a movement worth backing.”

Sweatpals is available nationwide and growing rapidly, with a presence in 24 cities and plans to launch in 12 more markets by early 2026. From studios to social clubs, Sweatpals is becoming the go-to platform for the next generation of community-first wellness experiences.

About Sweatpals

Sweatpals is a marketplace for IRL fitness experiences that transforms how people build meaningful connections through movement. Sweatpals is pioneering what it coined as the ‘Daylife’ movement – making wellness the new social currency. Sweatpals is backed by leading investors including a16z speedrun, Patron, Founders of Instacart and HotelTonight, and Kevin Hart’s HartBeat Ventures. Learn more at www.sweatpals.com.

SOURCE Sweatpals

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

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In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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