What is Step Saver?
Step Saver, Inc., founded in 1995, is a prominent provider of convenient and reliable salt delivery services across Minnesota and surrounding regions. The company specializes in ice-melting products and water softener salt, offering automated replenishment solutions for commercial and industrial clients. Their service model ensures businesses receive necessary salt supplies without manual intervention, maintaining optimal brine tank levels at competitive pricing. Step Saver also provides environmentally conscious de-icing solutions suitable for both residential and commercial applications, positioning itself as a comprehensive supplier in the de-icing and water treatment sector.
How much funding has Step Saver raised?
Step Saver has raised a total of $399K across 2 funding rounds:
Debt
$150K
Debt
$249K
Debt (2020): $150K with participation from PPP
Debt (2021): $249K led by PPP
What's next for Step Saver?
The substantial capital infusion, characterized as a large-scale late-stage funding event, signals a period of significant growth and strategic expansion for Step Saver. This backing is likely to fuel advancements in their automated delivery technology, enhance operational capacity, and potentially broaden their service territory. The company's focus on reliable, hassle-free replenishment solutions aligns with increasing demand for efficient B2B services, suggesting a strategic push to solidify market leadership and explore new service verticals within the essential supply chain sector.
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