Who founded Stepchange?

Stepchange was founded by Ankit Jain, Sidhant Pai in 2022.

Who are Stepchange's investors?

Stepchange's investors include Ritual Capital.

How much funding has Stepchange raised?

Stepchange has disclosed $1.6M raised across 2 of its 3 known rounds.

Where is Stepchange headquartered?

Stepchange is headquartered in Boston, US.

Stepchange

Boston, US · Founded 2022 · Delaware corporation · 1 known investors

Find your way into Stepchange

1,114 people in our graph share verified history with the Stepchange team — schools, employers, funds. One of them is your warm intro.

Laura Buhlerunlockedknows Ankit Jain · together at McKinsey & Company (overlapped)

×10knows the team · via McKinsey & Company

knows the team · via Accel Partners

Founders & leadership

Stepchange was founded in 2022 by Ankit Jain and Sidhant Pai.

Ankit Jain inCo-founderAnkit Jain holds a computer science degree from IIT Bombay and an MBA from MIT Sloan, with prior experience in the sustainability and mobility sectors. He is an executive officer and director at Stepchange.

Sidhant PaiCo-founder

Investors · 1

Ritual CapitalMenlo Park · $100K – $500Kvia Chris Howard · inferred

Reported raises · per SEC filings

Form D private placements

$1.6M disclosed across 2 of 3 rounds · 2023–2026

▶$550KraisedFeb 2026 · 3 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Ankit JainExecutive Officer, Director
Sidhant PaiExecutive Officer, Director

Offering amount: $1M
Amount sold: $550K
First sale: Jan 2026
Incorporated: Corporation, Delaware, 2022
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$1MraisedJan 2024 · 1 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Ankit JainExecutive Officer, Director
Sidhant PaiExecutive Officer, Director

Offering amount: $2M
Amount sold: $1M
First sale: Dec 2023
Incorporated: Corporation, Delaware, 2022
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Climate venture firm Stepchange raises $7Mgeekwire.com · Apr 2025

Frequently asked questions

Who founded Stepchange?: Stepchange was founded by Ankit Jain, Sidhant Pai in 2022.
Who are Stepchange's investors?: Stepchange's investors include Ritual Capital.
How much funding has Stepchange raised?: Stepchange has disclosed $1.6M raised across 2 of its 3 known rounds.
Where is Stepchange headquartered?: Stepchange is headquartered in Boston, US.