# StepFeed

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

- Industry: Media
- Headquarters: Dubai, United Arab Emirates
- Website: www.stepfeed.com
- Total disclosed funding: $2M
- Latest round: Series A (Jan 23, 2017)
- Investors on record: 4

## About

StepFeed is a digital media company that provides a curated weekly newsletter, delivering insights on technology and business developments, particularly in the MENA region, to its diverse readership of professionals and enthusiasts.Founded in 2014 in Dubai, United Arab Emirates, StepFeed focuses on delivering curated news and insights. The company raised USD 2.000 mn in Series A funding on January 23, 2017, with notable investors such as Dubai Silicon Oasis Authority, Equitrust, North Base Media, and Wamda Capital. The founders, Bahaa Moussalli and Nizar Fakih, have established a platform that serves a broad audience interested in the MENA market.StepFeed's primary offering is its weekly newsletter, which curates and delivers concise insights on significant developments in technology, business, and economic sectors, particularly within the MENA region. The newsletter serves to keep its readership informed about trending topics and social events, effectively acting as a resource for professionals and enthusiasts in these areas. By targeting individuals and organizations interested in the MENA market, Step Feed caters to a diverse client base that includes business leaders, tech innovators, and policymakers seeking to stay updated on regional dynamics. The service has been designed to ensure that users can easily access relevant information, allowing them to make informed decisions based on current trends and events. The newsletter is distributed primarily in digital format, making it accessible to readers across multiple geographical markets, including the UAE, Saudi Arabia, Egypt, and Jordan.Step Feed generates revenue through a subscription-based model, allowing users to receive its newsletter regularly. Subscribers pay a fee for access to premium content, which includes in-depth analyses and exclusive articles that are not available to non-subscribers. The transactional structure primarily involves direct-to-consumer relationships, where individuals or organizations subscribe directly through the company’s platform. Additionally, Step Feed may engage in partnerships with businesses and institutions interested in leveraging the newsletter's content for branding or marketing purposes, further enhancing its revenue potential. While specific pricing plans for subscriptions are not detailed, the model emphasizes value through timely, relevant content tailored to a professional audience.In January 2017, StepFeed raised USD 2.000 mn in Series A funding. The recent funding will support the development of new products and expansion plans, including the launch of enhanced digital content offerings aimed at engaging a wider audience. Additionally, StepFeed is focused on expanding its readership in key MENA markets such as Saudi Arabia and Egypt by the end of 2023, ensuring that it remains a relevant source of information for its target demographic.

## Funding rounds

- Series A, Jan 23, 2017, $2M — NordCapital, Dubai Silicon Oasis Authority, Wamda Capital, North Base Media

## Investors

- NordCapital (https://capitalatlas.ai/funds/nordcapital) — Series A
- Dubai Silicon Oasis Authority (https://capitalatlas.ai/funds/dubai-silicon-oasis-authority) — Series A
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Series A
- North Base Media (https://capitalatlas.ai/funds/north-base-media) — Series A