About STEPN
STEPN is a company based in Sydney (Australia) founded in 2004 by Jerry Huang and Yawn Rong.. STEPN has raised $5 million across 2 funding rounds from investors including Peak XV Partners, DeFi Alliance and Alameda Research. STEPN operates in a competitive market with competitors including Strava, Runkeeper, Run Tour, Runmeter and WattRunner, among others.
- Headquarter Sydney, Australia
- Founders Jerry Huang, Yawn Rong
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5 M (USD)
in 2 rounds
-
Latest Funding Round
$4.2 M (USD), Token Sale
Mar 09, 2022
-
Investors
Peak XV Partners
& 15 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of STEPN
STEPN has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $4.2 million completed in March 2022. 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 2
- Last Round Token Sale — $4.2M
-
First Round
First Round
(20 Jan 2022)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Token Sale - STEPN | Valuation |
investors |
|
| Jan, 2022 | Amount | Seed - STEPN | Valuation | Peak XV Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in STEPN
STEPN has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Peak XV Partners, DeFi Alliance and Alameda Research. 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 |
|---|---|---|---|---|
|
Morningstar Ventures is engaged in digital asset and blockchain investments.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in blockchain startups
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by M13 venture capital fund.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by STEPN
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - STEPN
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stepn Comparisons
Competitors of STEPN
STEPN 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 Strava, Runkeeper, Run Tour, Runmeter and WattRunner, 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 |
Subscription-based social networking platform for runners and cyclists
|
|
| domain | founded_year | HQ Location |
Personal fitness is tracked and improved through a mobile application.
|
|
| domain | founded_year | HQ Location |
It serves as a limited information available.
|
|
| domain | founded_year | HQ Location |
Offers a comprehensive data analytics platform for runners.
|
|
| domain | founded_year | HQ Location |
Physical fitness activities are tracked by a specialized training tool.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Stepn
Frequently Asked Questions about STEPN
When was STEPN founded?
STEPN was founded in 2004 and raised its 1st funding round 18 years after it was founded.
Where is STEPN located?
STEPN is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is STEPN a funded company?
STEPN is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Jan 20, 2022.
What does STEPN do?
STEPN was founded in 2004 in Sydney, Australia, as a provider of move-to-earn game-based solutions in the health and wellness sector. A blockchain-based app is utilized by users to earn rewards through physical activities including walking, jogging, and running. Physical activity is tracked within the app, supporting wellness goals in the digital fitness industry.
Who are the top competitors of STEPN?
STEPN's top competitors include Strava, Runkeeper and HelloMyScout.
Who are STEPN's investors?
STEPN has 16 investors. Key investors include Peak XV Partners, DeFi Alliance, Alameda Research, Morningstar Ventures, and Sixth Man Research.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.