About Steppen
Steppen is a company based in Melbourne (Australia) founded in 2021 by Jake C, Dave Slutzkin, and Cara Davies was acquired by Alta Global Group in September 2023.. Steppen has raised $2.15 million across 2 funding rounds from investors including Alta Global Group, Galileo Ventures and Flying Fox Ventures. Steppen operates in a competitive market with competitors including GoJoe, JOIN, PumpUp, SweatPals and JoyRun, among others.
- Headquarter Melbourne, Australia
- Founders Jake C, Dave Slutzkin, Cara Davies
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Sectors
HealthcareMedia & Entertainment
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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
$2.15 M (USD)
in 2 rounds
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Latest Funding Round
$1.65 M (USD), Seed
Oct 27, 2022
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Investors
Alta Global Group
& 4 more
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Employee Count
Employee Count
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Acquired by
Alta Global Group
(Sep 19, 2023)
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Funding Insights of Steppen
Steppen has successfully raised a total of $2.15M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.65 million completed in October 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 Seed — $1.6M
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First Round
First Round
(01 Aug 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Steppen | Valuation | Galileo Ventures | |
| Aug, 2021 | Amount | Seed - Steppen | Valuation | Anthony Eisen |
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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 Steppen
Steppen has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Alta Global Group, Galileo Ventures and Flying Fox 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 venture capital funding is provided by Galileo Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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LaunchVic is recognized as Victoria's startup agency, focused on ecosystem development.
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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 Steppen
| 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 - Steppen
| 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 |
Steppen Comparisons
Competitors of Steppen
Steppen 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 GoJoe, JOIN, PumpUp, SweatPals and JoyRun, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile-based application for fitness management
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| domain | founded_year | HQ Location |
JOIN is recognized as an AI-driven cycling training application.
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| domain | founded_year | HQ Location |
Provider of personal fitness tracker & community for fitness activities
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An online platform connects users to fitness events and communities.
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Social networking application for jogging
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| domain | founded_year | HQ Location |
Live fitness classes and social connections are provided online.
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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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Latest news on Steppen
Frequently Asked Questions about Steppen
When was Steppen founded?
Steppen was founded in 2021.
Where is Steppen located?
Steppen is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Steppen?
Cara Davies is the current CEO of Steppen. They have also founded this company.
Is Steppen a funded company?
Steppen is a funded company, having raised a total of $2.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Aug 01, 2021.
What does Steppen do?
Steppen was founded in 2021 in Melbourne, Australia, as a mobile-based platform in the fitness technology sector. Connections are enabled between individuals and fitness creators for workout challenges and training sessions. Creators are supported in building, showcasing, and monetizing their online fitness communities through the platforms features. Operations focus on community engagement and activity-based interactions across Australia.
Who are the top competitors of Steppen?
Who are Steppen's investors?
Steppen has 5 investors. Key investors include Alta Global Group, Galileo Ventures, Flying Fox Ventures, LaunchVic, and Anthony Eisen.