# Stem

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stem

- Industry: Environmental Services
- Headquarters: San Francisco, US
- Website: www.stem.com
- Total disclosed funding: $205M
- Latest round: Series E (Nov 30, 2019)
- Investors on record: 14

## About

Stem, Inc. is a US-based company specializing in AI-driven clean energy solutions, providing innovative software and services to optimize the deployment and operation of renewable energy assets globally.Founded in 2009 in San Francisco, US, Stem, Inc. focuses on clean energy technologies. The company has undergone strategic pivots to enhance its service offerings. Larry Hayes is recognized as the founder. As of June 1, 2022, Stem raised GBP 3.6 million in a funding round led by Daily Mail and General Trust, marking a significant investment target for the company. The total amount raised to date is GBP 3.6 million.Stem, Inc. offers AI-driven clean energy solutions, with key products such as the PowerTrack™ Asset Performance Management system and the Athena® enterprise platform. These solutions help clients plan and manage their clean energy assets, catering to over 16,000 customers worldwide, including project developers, utilities, and energy traders, across regions like North America, Europe, and Asia.Stem generates revenue through subscription models and service agreements primarily in a B2B context. Their flagship offerings, including PowerTrack™ and Athena®, are provided under multi-year contracts encompassing installation, support, and updates. The company may negotiate performance-based agreements linked to efficiency improvements, reinforcing long-term partnerships with clients.Following a recent venture funding round on June 1, 2022, where Stem, Inc. raised GBP 3.6 million, the company plans to utilize these funds to drive product development and market expansion. The focus will be on enhancing existing platforms and launching new offerings. Additionally, Stem aims to expand its presence in international markets, specifically targeting Europe and Asia for growth initiatives.

## Funding rounds

- Series E, Nov 30, 2019, $30M — WIND Ventures
- Series D, Jul 24, 2018, $26M — BNP Paribas Asset Management - Fund of funds, Magnesium Capital
- Series D, Jan 19, 2018, $82M — Temasek Holdings, Ontario Teachers' Pension Plan, Activate Capital
- Series C, May 11, 2016, $15M — GE Capital, Equity, Mitsui Global Investment, Angeleno Group, Iberdrola SA, Constellation Technology Ventures
- Series C, Mar 30, 2015, $15M — GE Capital, Equity, TotalEnergies, Angeleno Group, Iberdrola SA, Constellation Technology Ventures, RWE Aktiengesellschaft
- Series B, Jan 7, 2015, $12M — TotalEnergies, Constellation Technology Ventures
- Series B, Dec 2, 2013, $15M — GE Capital, Equity, Angeleno Group, Iberdrola SA
- Series A, Apr 17, 2012, $10M — Angeleno Group, EFW Partners

## Investors

- Angeleno Group (https://capitalatlas.ai/funds/angeleno-group) — Series A, Series B, Series C
- EFW Partners (https://capitalatlas.ai/funds/efw-partners) — Series A
- GE Capital, Equity (https://capitalatlas.ai/funds/ge-capital-equity) — Series B, Series C
- Iberdrola SA — Series B, Series C
- TotalEnergies — Series B, Series C
- Constellation Technology Ventures (https://capitalatlas.ai/funds/constellation-technology-ventures) — Series B, Series C
- RWE Aktiengesellschaft — Series C
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series C
- Temasek Holdings — Series D
- Ontario Teachers' Pension Plan — Series D
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series D
- BNP Paribas Asset Management - Fund of funds (https://capitalatlas.ai/funds/bnp-paribas-asset-management-fund-of-funds) — Series D
- Magnesium Capital (https://capitalatlas.ai/funds/magnesium-capital) — Series D
- WIND Ventures (https://capitalatlas.ai/funds/wind-ventures) — Series E