# Stonestep

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

- Industry: Insurance
- Headquarters: Zug, Switzerland
- Website: www.stonestep.ch
- Total disclosed funding: $4M
- Latest round: Series A (Dec 15, 2016)
- Investors on record: 1

## About

Stonestep AG is a Swiss company specializing in digital and mobile mass-market insurance solutions that leverage innovative technology to streamline insurance processes and enhance accessibility for consumers.Founded in 2012 and headquartered in Zug, Switzerland, Stonestep AG focuses on building integrated insurance solutions for various stakeholders in the insurance ecosystem. The company raised USD 4.00 mn in Series A funding in December 2016, with XL Innovate as the investor. No major pivots or changes in business operations have been reported since its inception.Stonestep specializes in creating digital and mobile mass-market insurance businesses, offering integrated insurance solutions tailored for insurers, mobile operators, payment gateways, consumer lenders, and e-tailers. Their technologies automate processes and facilitate scalability, serving diverse markets across the Asia-Pacific, Europe, the Middle East, Africa, and the Americas, targeting both first-time insurance customers and small-medium enterprises (SMEs).Stonestep generates revenue through B2B transactions and strategic partnerships within the insurance ecosystem, typically structured as revenue-sharing agreements or performance-based incentives. Their offerings include white-label solutions that allow partners to sell insurance products under their own brand, driving engagement and new revenue streams for both Stonestep and its partners.Stonestep plans to utilize the USD 4.00 mn raised in Series A funding to support the development of new products and to expand into additional geographical markets. Specific markets targeted for future growth include Asia-Pacific and parts of Europe, with initiatives expected to roll out after the latest funding round closure in December 2016.

## Funding rounds

- Series A, Dec 15, 2016, $4M — XL Innovate

## Investors

- XL Innovate (https://capitalatlas.ai/funds/xl-innovate) — Series A