StepChange is a technology company.
StepChange has raised $4.0M across 1 funding round.
StepChange has raised $4.0M in total across 1 funding round.
StepChange has raised $4.0M in total across 1 funding round.
StepChange's investors include BEENEXT, Blume Ventures, Global Founders Capital, Kunal Shah, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, E1 Ventures, HOF Capital, Kindred Ventures, NGC Ventures, Scott Belsky.
StepChange is a Bengaluru-based technology company founded in 2022 that provides a cloud-based software suite for enterprises and financial institutions to measure and manage carbon footprints, assess ESG performance, and automate sustainability reporting.[1][4] It helps businesses calculate environmental impact, set science-based ESG targets, and improve metrics across operations, supply chains, and portfolios, serving sectors like corporate sustainability, banking, and manufacturing.[1][2][4] With $6.5M raised, including a recent $1M convertible note, the company shows strong early growth in the ESG tech space, evidenced by partnerships with firms like Sattva, Union Bank of India, ITC, and Syrma SGS.[1][4]
StepChange emerged in 2022 amid rising global demands for ESG compliance and net-zero strategies, founded in Bengaluru, India, to address gaps in corporate sustainability tools.[1][2] While specific founders are not detailed in available sources, the team demonstrates deep expertise in sustainability for financial institutions and enterprises, quickly gaining traction through integrations with 350+ platforms and endorsements from executives at Saison International, Union Bank of India, Syrma SGS, and ITC.[4] Pivotal early moments include securing $6.5M in funding and partnerships promoting data-driven sustainability in India, positioning it as a key player in the region's ESG ecosystem.[1][4]
StepChange rides the explosive growth of ESG and sustainability tech, fueled by regulatory pressures (e.g., ISSB, TCFD) and corporate net-zero mandates amid climate risks.[1][4] Its 2022 timing aligns perfectly with accelerating ESG reporting requirements post-COP26 and India's green transition, where businesses face mounting needs for compliant, scalable tools.[1][2] Market forces like investor demands for transparency and AI-driven analytics favor StepChange, enabling it to influence India's startup ecosystem by partnering with impact players like Sattva and helping enterprises access capital through trusted ESG data.[1][4] Competitors like Maalka highlight a fragmented space, but StepChange's focus on financial and enterprise sectors differentiates it in a market projected to boom with energy transition demands.[1]
StepChange is poised for rapid scaling with its funding momentum (+53 Mosaic Score points recently) and enterprise integrations, likely expanding into energy transition and global markets beyond India.[1][4] Trends like AI-enhanced climate risk modeling and mandatory ESG disclosures will propel its growth, potentially through Series A funding and deeper Asia-Pacific penetration. As sustainability becomes table stakes for tech and finance, StepChange could evolve into a category leader, empowering resilient ecosystems much like its Bengaluru roots promise for global net-zero ambitions—turning ESG from compliance burden to competitive edge.[1][4]
StepChange has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $4.0M Seed | BEENEXT, Blume Ventures, Global Founders Capital, Kunal Shah, Amjad Masad, Arash Ferdowsi, Balaji Srinivasan, E1 Ventures, HOF Capital, Kindred Ventures, NGC Ventures, Scott Belsky, The General Partnership, The Hit Forge, Tobias Lutke, Y Combinator |