About Flowstep
Flowstep is a company based in Tallinn (Estonia) founded in 2023 by Matt Clannachan, Sami Nieminen, Svyatoslav Polishchuk, and Kaarel Roben.. Flowstep has raised $3.4 million across 4 funding rounds from investors including adesso ventures, Enterprise Estonia and Tera Ventures. Flowstep operates in a competitive market with competitors including Locofy, Figr, thesys, SevnAI and Blocksfabrik, among others.
- Headquarter Tallinn, Estonia
- Founders Matt Clannachan, Sami Nieminen, Svyatoslav Polishchuk, Kaarel Roben
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.4 M (USD)
in 4 rounds
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Latest Funding Round
$2.58 M (USD), Seed
Jun 27, 2025
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Investors
adesso ventures
& 10 more
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Employee Count
Employee Count
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Funding Insights of Flowstep
Flowstep has successfully raised a total of $3.4M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.58 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $2.6M
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First Round
First Round
(01 May 2023)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Seed - Flowstep | Valuation | Supernode Global | |
| Apr, 2024 | Amount | Grant - Flowstep | Valuation |
investors |
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| Nov, 2023 | Amount | Seed - Flowstep | Valuation | Tera Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Flowstep
Flowstep has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include adesso ventures, Enterprise Estonia and Tera Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage digital startups are funded by tech-focused Tera Ventures.
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Founded Year | Domain | Location | |
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Investing in software and tech innovations for enterprise solutions.
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Founded Year | Domain | Location | |
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Micro-investments are provided in European B2B subscription startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flowstep
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Flowstep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flowstep Comparisons
Competitors of Flowstep
Flowstep operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Locofy, Figr, thesys, SevnAI and Blocksfabrik, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering low code web application development software
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| domain | founded_year | HQ Location |
AI-powered UI design and workflow tools are provided.
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| domain | founded_year | HQ Location |
Design suite for GenAI software is provided for conversational experiences.
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| domain | founded_year | HQ Location |
Platform offering generative design AI services
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| domain | founded_year | HQ Location |
No-code design development software is offered for customizable component creation.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Flowstep
When was Flowstep founded?
Flowstep was founded in 2023.
Where is Flowstep located?
Flowstep is headquartered in Tallinn, Estonia.
Who is the current CEO of Flowstep?
Matt Clannachan is the current CEO of Flowstep. They have also founded this company.
Is Flowstep a funded company?
Flowstep is a funded company, having raised a total of $3.4M across 4 funding rounds to date. The company's 1st funding round was a Seed of $826.33K, raised on May 01, 2023.
What does Flowstep do?
AI based platform for designers to develop user flows and designs. Structured visualization of the customer journey, wireframe creation, idea generation, and design personalization are some of the features of the platform.
Who are the top competitors of Flowstep?
Flowstep's top competitors include Figr, Galileo AI and thesys.
Who are Flowstep's investors?
Flowstep has 11 investors. Key investors include adesso ventures, Enterprise Estonia, Tera Ventures, Supernode Global, and Angel Invest Ventures.
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