About Step
Step is a company based in Dubai (United Arab Emirates) founded in 2011 by Bahaa Moussalli and Ray Dargham. It operates as a On-Demand Services. Step has raised $2 million across 1 funding round from investors including North Base Media, Wamda Capital and Dubai Silicon Oasis. Step offers products and services including Step Events, Step Feed Newsletter, and Step Audio Channel.
- Headquarter Dubai, United Arab Emirates
- Founders Bahaa Moussalli, Ray Dargham
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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
*********
- Legal Name Step Media And Events Fz-Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Series A
Jan 23, 2017
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Investors
North Base Media
& 2 more
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Employee Count
Employee Count
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Products & Services of Step
Step offers a comprehensive portfolio of products and services, including Step Events, Step Feed Newsletter, and Step Audio Channel. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Startup events are hosted for global networking opportunities.
Weekly tech and business updates are provided via newsletter.
Knowledge on technology and innovation is shared through audio.
Funding Insights of Step
Step has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Series A round of $2 million completed in January 2017. 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 1
- Last Round Series A — $2.0M
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First Round
First Round
(23 Jan 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2017 | Amount | Series A - Step | Valuation |
investors |
| 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 Step
Step has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include North Base Media, Wamda Capital and Dubai Silicon Oasis. 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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Tech & Offline focused VC firm investing in seed & growth stage startups in the US & UAE
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Founded Year | Domain | Location | |
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VC firm investing in early and mid stage companies in growing markets
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Founded Year | Domain | Location | |
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Dubai Silicon Oasis is established as a dedicated economic zone for knowledge and innovation in Dubai.
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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 Step
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Step
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Step Comparisons
Competitors of Step
| 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.
|
Frequently Asked Questions about Step
When was Step founded?
Step was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Step located?
Step is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Step a funded company?
Step is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Series A of $2M, raised on Jan 23, 2017.
What does Step do?
A vibrant platform for connecting startups, investors, and tech enthusiasts is operated by Step. Events are hosted globally to foster startup ecosystems, with upcoming conferences in Istanbul, San Francisco, and Dubai. Media services, including a weekly newsletter and an audio channel, are offered to share insights on technology, innovation, and investments. The focus is placed on enabling founders and stakeholders within the tech and business sectors, particularly in the MENA region.
What products or services does Step offer?
Step offers Step Events, Step Feed Newsletter, and Step Audio Channel.
Who are Step's investors?
Step has 3 investors. Key investors include North Base Media, Wamda Capital, and Dubai Silicon Oasis.