Enterprise sustainability platform StepChange raised $4 million in its seed led by BEENEXT and Global Founders Capital where other institutional investors such as Genesia Ventures, Whiteboard Capital, Saison Capital, Seedstars, Antler, and Speciale Invest also participated.
The startup stated that the funds would be used to expand its product portfolio and accelerate its growth in India. The new funds will also be used to expand its presence in key international markets and to invest more in research and development (R&D).
StepChange intends to use the funds to strengthen its technology stack and expand its technology, business development, sales, and marketing teams.
“We are grateful to our investors for their support…”We are proud to be the sustainability partner of choice for some of India’s largest enterprises, and we intend to expand our offerings internationally very soon,” said Ankit Jain, cofounder and CEO of StepChange.
BEENEXT’s Anirudh Garg commented on the fundraise, saying, “StepChange’s innovative approach to corporate sustainability focuses on region-specific carbon accounting models and platforms.” This approach, we believe, will be a game changer in the global effort to combat climate change. We are excited to work with StepChange to continue to empower individuals, organisations, and other entities to make data-driven decisions for a more sustainable future.”
StepChange provides a full-stack SaaS platform that allows large enterprises to manage ESG metrics and reduce emissions across their supply chains.
