Total amount raised
$4 Millions
Latest funding date
1/1/2024
Location
Stepchange has successfully raised funding through multiple rounds, with notable investors including The General Partnership and Liquid 2 Ventures. The company focuses on delivering better, faster data and data infrastructure solutions.
Keep reading to explore the intricacies of Stepchange's fundraising journey and the investors backing this innovative platform.
What Is Stepchange?
Stepchange, founded on October 10, 2023, is headquartered in Oakland, California, within the San Francisco Bay Area. The company focuses on providing better, faster data and data infrastructure solutions.
Operating in the industries of Consulting, Software, and Software Engineering, Stepchange aims to enhance data and data infrastructure. The company is known for its innovative approach and commitment to improving data management.
With a small but dedicated team of 1-10 employees, Stepchange continues to make significant strides in the tech industry. The company operates under the legal name StepChange Labs, Inc.
How Much Funding Has Stepchange Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's initial operations and product development.
- Seed Round
- Amount Raised: $4M
- Date: May 2023
- Lead Investors: BEENEXT, Global Founders Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's operations and development efforts.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the company's technology and market reach.
Total amount raised: $4M. Current valuation: Not publicly disclosed.
Key Investors
- BEENEXT
- Details: BEENEXT is a venture capital firm that invests in early-stage technology companies. They have a strong presence in Southeast Asia and India.
- Investment Focus Areas: Technology, E-commerce, Fintech
- Notable Investments: Zilingo, NoBroker, Khatabook
- Global Founders Capital
- Details: Global Founders Capital is a globally oriented venture capital firm. They focus on supporting founders from the seed stage to growth stage.
- Investment Focus Areas: Technology, Consumer Internet, Fintech
- Notable Investments: Facebook, LinkedIn, Slack
- Kindred Ventures
- Details: Kindred Ventures is an early-stage venture capital firm. They are known for their hands-on approach in helping startups grow.
- Investment Focus Areas: Technology, AI, Consumer Products
- Notable Investments: Uber, Postmates, Coinbase
- The General Partnership
- Details: The General Partnership is a venture capital firm that co-led the seed funding round for Stepchange. They focus on building long-term partnerships with founders.
- Investment Focus Areas: Technology, SaaS, AI
- Notable Investments: Not publicly disclosed
- Liquid 2 Ventures
- Details: Liquid 2 Ventures is a seed-stage venture capital firm. They are known for their strategic investments in technology startups.
- Investment Focus Areas: Technology, AI, Fintech
- Notable Investments: Not publicly disclosed
What's Next for Stepchange?
Stepchange is poised to capitalize on the growing demand for AI-enabled performance monitoring solutions. With their innovative APX platform, they aim to disrupt the market currently dominated by giants like Datadog and New Relic. The $4 million seed funding will fuel their expansion and development efforts, positioning them to capture a significant share of this lucrative market.
Future fundraising opportunities seem promising as Stepchange continues to scale. The initial success suggests potential for Series A and beyond, enabling further technological advancements and market reach. However, they will face challenges such as intense competition and the need to continuously innovate to stay ahead in the rapidly evolving tech landscape.
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