# UpSteam Eesti

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upsteam-eesti

- Industry: Consumer Services
- Headquarters: Tallinn, Estonia
- Website: www.upsteam.ee
- Total disclosed funding: $0.6M
- Latest round: Seed (Sep 18, 2018)
- Investors on record: 3

## About

UpSteam Eesti Ltd is a fleet management company specializing in providing comprehensive, technology-driven fleet care solutions tailored to meet the operational needs of businesses across various industries.Founded in 2017 in Tallinn, Estonia, UpSteam Eesti Ltd focuses on delivering fleet management solutions. The company has not undergone any significant pivots and does not have any known subsidiaries. The founder, Valjo Kütt, has a history of entrepreneurial ventures. UpSteam has raised EUR 0.50 million in Seed funding as of September 18, 2018, led by Spring Capital, with participation from Funderbeam Group and Superangel. The total amount raised to date is EUR 0.50 million with a current company valuation of EUR 3.25 million.UpSteam Eesti Ltd offers a full-stack fleet care service designed for business fleets across various sectors. Their services include on-site support, fluid management, inspections, and ongoing vehicle maintenance, all facilitated through advanced technology. The company provides tailored solutions that contribute to reducing fleet operational costs, with reductions reported up to 35%. UpSteam operates in multiple regions including Estonia, Latvia, Lithuania, Germany, Belgium, and the Czech Republic.In the most recent year, 2023, UpSteam Eesti Ltd reported a revenue of EUR 754,711.70 with an EBITDA of EUR -110,725.70, indicating a focus on establishing its market presence while managing operational costs effectively.UpSteam Eesti Ltd is focused on expanding its fleet care offerings and exploring new geographic markets beyond its current operations. The company plans to leverage the EUR 0.50 million raised in Seed funding in September 2018 to enhance its service technology and potentially develop new product features. Specific timelines for these initiatives have not been disclosed, but the company is actively seeking opportunities to grow its footprint in Europe.

## Funding rounds

- Seed, Sep 18, 2018, $0.6M — Spring Capital, Funderbeam Group, Superangel

## Investors

- Spring Capital — Seed
- Funderbeam Group — Seed
- Superangel (https://capitalatlas.ai/funds/superangel) — Seed