About Steppen
Steppen is a Healthcare company based in Melbourne (Australia) founded in 2021 by Jake C, Dave Slutzkin, and Cara Davies, and was acquired by Alta Global Group in September 2023. Fitness challenges and communities are facilitated via a mobile platform. It operates in the Healthcare and Media & Entertainment sectors. Steppen has raised $2.15 million across 2 funding rounds from investors including Alta Global Group, Galileo Ventures and Flying Fox Ventures. Its chief executive, as recorded, is Cara Davies. The company was acqui-hired. Its focus areas include HealthTech, Fitness & Wellness Tech, Physical Fitness and Social Platforms.
Company details
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.
- Headquarters Melbourne, Australia
- Founders Jake C, Dave Slutzkin, Cara Davies
- Stage Acquired
- SectorsHealthcareMedia & Entertainment
- Website steppen.fit
- Social LinkedIn X
- Acquired by Alta Global Group (Sep 2023)
- Total Equity Funding$2.15M (USD)
in 2 rounds
- Latest Funding Round$1.65M (USD), Seed
Oct 2022
- InvestorsAlta Global Group
& 4 more
- Acquired byAlta Global Group
(Sep 2023)
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 $2.15M
- Total Rounds 2
- Last Round Seed — $1.65M
- First Round $500,000
(Aug 2021)
- Investors Count 4
All 2 funding rounds of Steppen with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $1.65M | Seed | – | Galileo Ventures | |
| Aug 2021 | $500,000 | Seed | – | Anthony Eisen | – |
5 investors in total: 4 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital funding is provided by Galileo Ventures. | galileo.ventures | Melbourne, Australia | ||
| flyingfox.vc | ||||
LaunchVic is recognized as Victoria's startup agency, focused on ecosystem development. | launchvic.org | Richmond, Australia | ||
AE Anthony Eisen | Co-founder of Afterpay, prominent angel investor in fintech and tech startups. | unknown_684c5d1a2dfa4042b | ||
A chain of physical fitness centers is operated globally. | 2012 | trainalta.com | Manly, Australia |
Investor details for Steppen
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People of Steppen
4 people are tracked at Steppen (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Jake C | Co-Founder | Leadership |
Dave Slutzkin | Co-Founder | Leadership |
Cara Davies | Co-Founder & CEO | Leadership |
Glenn Gillen | Investor | Team |
Complete people profiles for Steppen
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Timeline of Steppen
4 dated milestones of Steppen across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Steppen is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Seed, of $1.6M.
- Exit Acquired by Alta Global Group.
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Frequently Asked Questions about Steppen
Steppen was founded in 2021.
Steppen is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Cara Davies is the CEO of Steppen, as recorded in our data. They have also founded this 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 2021.
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.
Steppen has 5 investors. Key investors include Alta Global Group, Galileo Ventures, Flying Fox Ventures, LaunchVic, and Anthony Eisen.
Yes. Steppen was acquired by Alta Global Group in September 2023.