Paceline Raises $29.5M in Series A Financing
- Paceline, CA-based retail health and wellness platform that incentivizes consumers to live a healthy lifestyle, closed a $29.5m Series A financing round
- The round was led by Acrew Capital, with participation from Mubadala Capital along with existing investors
- Additionally, Mark McCombe, investor and Senior Managing Director of BlackRock, will join the board
- The company intends to use the funds to build out its team, expand their rewards program
- The company is a retail health and wellness platform that incentivizes consumers to be active with curated offerings from health and wellness brands
- Over the last fifteen months, The company has built a community of active individuals who have already logged over 20M workouts
