What is Steady?
SteadyIQ, the core platform developed by Steady, serves as a critical digital infrastructure for government agencies tasked with managing public benefit programs. The company addresses the persistent challenge of income verification by offering a secure, user-permissioned gateway that provides real-time data access. This innovation significantly reduces administrative overhead while simultaneously increasing the accuracy of benefit eligibility determinations. By streamlining these workflows, Steady not only improves the operational efficiency of state and federal agencies but also ensures that working Americans receive the support for which they are eligible with greater speed and reliability. The platform is positioned as a vital tool for enhancing the integrity and accessibility of the social safety net in an increasingly digital economy.
How much funding has Steady raised?
Steady has raised a total of $24M across 2 funding rounds:
Series A
$9M
Series B
$15M
Series A (2018): $9M with participation from Clocktower Technology Ventures, Propel Venture Partners, Omidyar Network, and 25 Madison
Series B (2020): $15M led by Flourish Ventures, Loeb Enterprises, CMFG Ventures, Propel Venture Partners, and Recruit Strategic Partners
Key Investors in Steady
CMFG Ventures
TruStage Ventures is the venture capital arm of TruStage, dedicated to accelerating fintech growth by funding innovators in the financial services sector.
Recruit Strategic Partners
A Silicon Valley-based venture capital firm and subsidiary of Recruit, focusing on investing in innovative companies with global growth potential.
Clocktower Technology Ventures
An alternative asset management and advisory firm that employs a macro-oriented framework to invest in high-growth fintech and technology startups.
What's next for Steady?
With the successful completion of its recent financing round, Steady is well-positioned to expand its footprint across the public sector landscape. The company's strategic roadmap focuses on deepening its integration with government agencies to further automate eligibility verification processes. By leveraging its robust Income Passport technology, Steady aims to set a new standard for data-driven decision-making in public administration. As the firm moves into its next phase of growth, it will likely prioritize the development of advanced analytics features and the expansion of its partnership ecosystem, ensuring that its platform remains the gold standard for income verification and financial inclusion initiatives nationwide.
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