# Stepwise funding: rounds and investors

> Stepwise has raised $1.4M across 1 round since 2024. Investors include US Department of Energy, MassVentures and SBXi Fund. Every round with its source.

Source: https://millionrounds.com/company/stepwise (Millionrounds; every figure on the page links to its filing or article)

Norway · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Stepwise*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Climate Tech

Funding summary Updated 26 Oct 2026

**$1.4M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $1.4M Sept 2024
- **Investors:** 4

See who backed them

## The rounds

- **Sept 2024** Grant **$1.4M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [MassVentures](https://millionrounds.com/fund/massventures) [SBXi Fund](https://millionrounds.com/fund/sbxi) [43North](https://millionrounds.com/fund/43north) Source recorded

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[MassVentures](https://millionrounds.com/fund/massventures) VC firm **1** round

[SBXi Fund](https://millionrounds.com/fund/sbxi) VC firm **1** round

[43North](https://millionrounds.com/fund/43north) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=stepwise).

## Also claim to have backed them

These 2 firms list Stepwise as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[MIT Alumni Angels Boston](https://millionrounds.com/fund/mit-alumni-angels-boston) Angel network Per its own site

[MIT Alumni Angels New York](https://millionrounds.com/fund/mit-alumni-angels-new-york) Angel network Per its own site

## Quick answers about Stepwise

### Who invested in Stepwise?

Stepwise's investors include US Department of Energy, MassVentures, SBXi Fund and 43North.

### How much has Stepwise raised?

Stepwise has raised $1.4M across 1 round since 2024.

### When did Stepwise last raise?

Stepwise's most recent round was a Grant of $1.4M in Sept 2024.

### What was Stepwise's biggest round?

Its most recent round, $1.4M in Sept 2024, is also its largest on record.

### Who backed Stepwise first?

Stepwise's first round on record, in Sept 2024, was backed by US Department of Energy, MassVentures and SBXi Fund and 1 others.

### What stage is Stepwise at?

Stepwise's latest named round is a Grant, in Sept 2024.

### Where is Stepwise based?

Stepwise is based in Norway.

## Companies like Stepwise

In the same sector, and raised in the last eighteen months.

[**Nofence** $35M · Sept 2025](https://millionrounds.com/company/nofence)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**ZeroW** $417K · Oct 2026](https://millionrounds.com/company/zerow)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)

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