Stem

About

Stem brings and optimizes energy consumption to business through its distributed storage technology.

Millbrae,California,United States
101 - 250
http://www.stem.com

Highlights

Details

Last Funding Type: Series Unknown
Industries: Energy Efficiency,Enterprise Software,Information Services,Information Technology
Founded date: Jan 1, 2009
Number Of Employee: 101 - 250
Operating Status: Active
Stock Symbol: nyse:STEM
Legal Name: Stem, Inc
Also Known As: Powergetics Inc.

Stem brings and optimizes energy consumption to business through its distributed storage technology.

Since 2009, Stem has been analyzing how various types of businesses use electricity and how they are charged for it. The company uses this information to design a solution that protects companies from unnecessarily high electricity costs without requiring any changes to the way they run their businesses. Stem combines big data, predictive analytics, and energy storage to reduce electric costs for businesses and in aggregate, deliver services to the grid.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

18

$1.19B

Stem has raised a total of $1.19B in funding over 2 rounds. Their latest funding was raised on Apr 29, 2021 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 29, 2021	Post-IPO Equity	$225M	5	—	—	Detail
Apr 29, 2021	IPO	$608M	—	—	—	Detail
Nov 30, 2019	Series E	$30M	1	WIND Ventures	—	Detail
Jul 24, 2018	Series D	$26M	2	BNP Paribas Private Equity Magnesium Capital	—	Detail
Jan 23, 2018	Series D	$80M	4	Activate Capital Partners	—	Detail

Investors

Number of Lead Investors

Number of Investors

13

25

Stem is funded by 25 investors. WIND Ventures and BNP Paribas Private Equity are the most recent investors.

Investor Name	Lead Investor	Funding Round
WIND Ventures	Yes	Series E
BNP Paribas Private Equity	Yes	Series D
Magnesium Capital	Yes	Series D
Activate Capital Partners	Yes	Series D
Starwood Energy Group Global	Yes	Private Equity（PE）
Mithril Capital Management	Yes	Series C
Mitsui Global Investment	Yes	Series C
Constellation Technology Ventures	Yes	Series B
Greener Capital	Yes	Series A
Adage Capital Management	—	Post-IPO Equity