# StepChange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stepchange

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.stepchange.earth
- Total disclosed funding: $4M
- Latest round: Seed (May 16, 2023)
- Investors on record: 8

## About

Based in Karnataka, India, and co-founded by Ankit Jain (CEO) and Sidhant Pai (CSO) in 2022, Less Carbon Technologies Private Limited doing business as StepChange, Inc. operates as a software development company offering a climate tech platform. In May 2023, the firm raised USD 4 million in seed funding co-led by investors BEENEXT and Global Founders Capital, with participation from other investors Antler, Genesia Ventures, etc.

The company offers a comprehensive suite of cloud-based software tools for Corporate Net-Zero Management and ESG Measurement, Reporting, and Benchmarking. With StepChange's platform, businesses can calculate their environmental impact, including carbon emissions across Scope 1, 2, and 3, using scientific methods in compliance with global standards. The platform enables companies to set science-based targets aligned with the SBTi's NetZero Standard, benchmark their performance, and improve ESG metrics as well as simplify life cycle impact assessment, allowing businesses to measure the environmental footprint of their products. Additionally, the company provides tools for calculating financed emissions, making informed decisions to maximize the ESG performance of financed portfolios, and setting net-zero targets as well as an employee sustainability program through their StepChange App, where employees can measure their personal environmental footprint and track their progress.

The company plans to utilize its May 2023 funding to enhance its product offerings, accelerate growth in India, and expand its presence in international markets.

## Funding rounds

- Seed, May 16, 2023, $4M — Global Founders Capital, BEENEXT, Genesia Ventures, Seedstars, Speciale Invest, Whiteboard Capital, Antler, Saison Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed
- Genesia Ventures (https://capitalatlas.ai/funds/genesia-ventures) — Seed
- Seedstars (https://capitalatlas.ai/funds/seedstars) — Seed
- Speciale Invest (https://capitalatlas.ai/funds/speciale-invest) — Seed
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Seed
- Antler (https://capitalatlas.ai/funds/antler) — Seed
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Seed