# FindSatoshi Lab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/findsatoshi-lab

- Industry: Healthcare IT
- Headquarters: Adelaide, Australia
- Website: www.stepn.com
- Total disclosed funding: $5M
- Latest round: Seed (Jan 20, 2022)
- Investors on record: 16

## About

Founded in 2021 and based in Adelaide, Australia, FindSatoshi Lab Ltd., trading under the name STEPN, operates as a provider of fitness app which motivates the user's action and enables them to accomplish workouts and exercise sessions. In January 2022, FindSatoshi Lab Ltd. raised USD 5 million in seed funding led by new investors Sequoia Capital, Folius Ventures, Solana Capital, co-led by Alameda Research, 6th Man Ventures, Sfermion, DeFi Alliance LLC, M13, Corner Ventures, etc. The app is used by people in over 90 countries with its major market being China, India, and the US.

STEPN is a Web3 game built on the Solana blockchain platform that promotes an active lifestyle by making walking and running enjoyable and entertaining. The company compensates physical activity with cryptocurrencies. The company provides apps that can be downloaded from their website that allow users to buy or rent digital sneakers from the firm's NFT marketplace and then engage in any type of physical activity that is tracked by the app's in-app GPS in exchange for tokens that can be redeemed for in-app purchases or withdrawn for physical money to an external account.

The company intends to use the January 2022 funding to inspire millions of people to engage in healthier lifestyles, cultures, and technologies.

## Funding rounds

- Seed, Jan 20, 2022, $5M — Hong Shan, M13, Openspace Capital, Spark Digital Capital, Lemniscap, Zee Prime Capital, Solana Capital, Sfermion, Folius Ventures, Morningstar Ventures, 6th Man Ventures, Corner Capital Management, Solar Eco Fund, DeFi Alliance LLC, Alameda Research, WelinderShi Capital

## Investors

- Hong Shan — Seed
- M13 (https://capitalatlas.ai/funds/m13) — Seed
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Seed
- Spark Digital Capital — Seed
- Lemniscap — Seed
- Zee Prime Capital (https://capitalatlas.ai/funds/zee-prime-capital) — Seed
- Solana Capital — Seed
- Sfermion (https://capitalatlas.ai/funds/sfermion) — Seed
- Folius Ventures — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Seed
- Corner Capital Management (https://capitalatlas.ai/funds/corner-capital-management) — Seed
- Solar Eco Fund (https://capitalatlas.ai/funds/solar-eco-fund) — Seed
- DeFi Alliance LLC — Seed
- Alameda Research — Seed
- WelinderShi Capital — Seed