General Catalyst led a $100m Series C funding round in Step.

General Catalyst led a $100m Series C funding round in Step, a financial services company built for teens and families. The round had participation from returning investors Coatue, Stripe, Charli D’Amelio, The Chainsmokers’ Mantis, Will Smith’s Dreamers and Jeffrey Katzenberg’s firm WndrCo. Step also welcomed Jared Leto and Franklin Templeton to the round. “Our mission is to help improve the financial futures of the next generation and we’re thrilled to have such a massive vote of confidence from investors, especially during Financial Literacy Month. 38% of teens say they lack the financial resources needed to achieve financial independence and this is a problem Step is well-positioned to help solve as we educate millions of households every day,” CJ MacDonald, Step Founder and CEO.