Stem, a leading provider of energy optimization services, combines big data, predictive analytics and energy storage to reduce electricity costs for businesses. The company's solution requires no compromises on building occupant comfort and offers unparalleled energy insights, allowing a comprehensive view into past, present and future energy use. As demands on the grid continue to increase, Stem's system enables good energy citizenship and unlocks the potential for expanded renewable energy integration. Headquartered in Millbrae, California, Stem is funded by a consortium of leading investors including Angeleno Group, Iberdrola (Inversiones Financieras Perseo) and GE Ventures.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 04/11/12 | $10,200,000 | Series A |
Angeleno Group | undisclosed |
| 12/02/13 | $15,000,000 | Series B |
Angeleno Group GE Ventures Iberdrola | undisclosed |
| 01/07/15 | $27,000,000 |
Constellation Technology Ventures Total Energy Ventures | undisclosed | |
| 08/13/15 | $45,000,000 | Series C |
RWE Supply & Trading | undisclosed |
| 01/25/18 | $80,000,000 | Series D |
Activate Capital Ontario Teachers' Pension Plan Temasek | undisclosed |
