Step Function invests in Founders Shaping the Future of Enterprise Software
We believe
Incremental improvements in infrastructure create Step Function changes in experience at the application layer.
Your earliest investors should create Step Function change on the trajectory of your business.
Investments
First money into the companies shaping the future of enterprise infrastructure.
Core focus areas include data / AI infrastructure, cybersecurity, developer tools.
Founder & GP
Will Lehmann
I’ve spent my entire career investing in technical founders at the earliest stages.
I started Step Function to give founders leverage: a fund purpose-built to help founders building infrastructure software founders succeed from the outset. I provide the support, domain experience & experience that you expect from an institutional lead investor with the feel, velocity & accessibility of a super angel.
I help founders in all the conventional ways — domain expertise, customer intros, candidate intros, fundraising intros — and in the unconventional ways as well.
Before starting Step Function, I was a Partner at Bain Capital Ventures (BCV), where I spent a decade investing in early-stage enterprise software companies.
How I deliver Step Function value
“Will engaged with earnestness and real insight. Given how easy Will is to engage with, he has been a great sounding board.”
Domain Expertise
“Expect a clear-cut impact from day 1. Step Function stands out for hands-on and tangible mentoring and access to potential customers via a well-connected network. Every intro we got from Will turned into business value.”
Network
“Will has immediately become a trusted advisor. A voice I choose to turn to first because I respect the quality of the advice and insight. He collaborated on investment narrative, fundraising prep and tactics, and provided high value introductions”
Fundraising
“Will is the best investor you will have on your cap table. He is the first person we text when something goes well and something goes wrong. Probably the closest person to the heart of the company.”
Founder Commitment
Step up.
Technical and considering starting something? I’d love to hear from you.