# Step Function: portfolio, investments and team > Step Function is a vc firm based in India. 1 investment on record, 1 in the last 12 months, latest Dec 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/step-function (Millionrounds; every figure on the page links to its filing or article) India · [Investor](https://millionrounds.com/investors) # Step Function Last cheque observed Dec 2025; 1 cheques on record. Email VC firm Deploying now Last fund $136K, Jun 2023 Seed Venture Capital & Private Equity Follow Step Function and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fstep-function) Deploying now **100%** of best year **1** **cheques in 12 months**, 1 on record Since the last cheque **338** days **00** hrs **00** min **00** sec Median round **$14M** Rounds led **0 of 1** Pitch Step Function ## Step Function highlights - 01 1 cheques in the last 12 months - 02 Mostly Seed: 100% of its rounds ## What they do > No textual content was available from the homepage. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Venture Capital & Private Equity - **Based in:** Hyderabad, India - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **1 appearances** - **2025** 1 round - **Dec** **[Datum](https://millionrounds.com/company/datum)** Seed · US · AlleyWatch **$14M** With 6 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **1 named** WL **William Lehmann** Manager i Filing they signed We also hold **1** person at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. Latest fund on file **$136K** raised in Jun 2023 From its SEC filing. Nothing newer is on file yet. ## The cheque Seed Median round joined **$14M** the round, not its cheque Led 0 of 1 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Dec 2025 Rounds by stage said on their site - Seed *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Step Function?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Quick answers about Step Function ### What does Step Function invest in? Step Function invests most often at Seed (100% of the rounds on record), in sectors such as Venture Capital & Private Equity. ### How active is Step Function? 1 investments on record, 1 of them in the last 12 months. The most recent was in Dec 2025. ### What has Step Function invested in recently? Its most recent investments on record: Datum (Seed, Dec 2025). ### How big are Step Function's cheques? The median round it joins is $14M. ### Is Step Function investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### What kind of investor is Step Function? Step Function is a VC firm based in Hyderabad, India. ### Has Step Function raised a new fund? Its latest fund filing with the SEC was in Jun 2023, reporting $136K raised. ### Where does this information on Step Function come from? From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=step-function) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=step-function)