Paceline Raises $29.5 Million In Series A Financing To Transform Traditional Financial Services Models
Paceline Raises $29.5 Million In Series A Financing To Transform Traditional Financial Services Models
06/25/21, 1:07 PM
Location
san franciscoMoney raised
$29.5 million
Round Type
series a
Paceline, the retail health and wellness platform that incentivizes consumers to live a healthy lifestyle, today announced the close of a $29.5 million Series A financing round. The round was led by Acrew Capital, with participation from Mubadala Capital along with existing investors.
Company Info
Location
san francisco, california, united states
Additional Info
Paceline is the first retail health and wellness platform that incentivizes consumers to live a healthy lifestyle. Paceline’s mission is to bring the worlds of physical and financial rewards together by incentivizing people to be active with curated offerings from health and wellness brands that yield healthier people and more valuable customers to partners of all kinds. Consumers earn health and wellness rewards for 150 minutes of elevated heart rate a week. Current investors include Acrew Capital, Mubadala Capital, Montage Ventures, Propel Venture Partners, Northwestern Mutual Future Ventures, GreatPoint Ventures, Courtside Ventures, Lux Capital, MS&AD Ventures, Clocktower Technology Ventures, NextView Ventures, and angels including Mark McCombe, Senior Managing Director at BlackRock, in his personal capacity.