About Stem
Stem is a company based in Millbrae (United States) founded in 2009.. Stem has raised $228.56 million across 11 funding rounds from investors including Iberdrola, Mitsui & Co. and BNP Paribas. The company has 569 employees as of December 31, 2024. Stem has completed 2 acquisitions, including AlsoEnergy and Constant Power. Stem offers products and services including PowerTrack, PowerBidder Pro, Athena, and PowerTrack APM. Stem operates in a competitive market with competitors including Swell Energy, Cleanwatts, Limejump, Blueprint Power and Encorp, among others.
- Headquarter Millbrae, United States
- Employees 569 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Stem, Inc.
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Annual Revenue
$144.58 M-68.67as on Dec 31, 2024
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Net Profit
$-854.01 M-508.22as on Dec 31, 2024
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EBITDA
$-123.92 M-2.65as on Dec 31, 2024
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Total Equity Funding
$228.56 M (USD)
in 11 rounds
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Latest Funding Round
$26 M (USD), Series D
Jul 24, 2018
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Investors
Iberdrola
& 14 more
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Employee Count
569
as on Dec 31, 2024
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Investments & Acquisitions
AlsoEnergy
& 1 more
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IPO & Listings of Stem
Stem is a publicly listed company on the NYSE with ticker symbol STEM in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Stem
Stem offers a comprehensive portfolio of products and services, including PowerTrack, PowerBidder Pro, Athena, and PowerTrack APM. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for optimizing solar and storage portfolios.
Tool for maximizing revenue in energy markets.
Platform for deploying and monetizing clean energy technologies.
Services for monitoring and managing energy assets.
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Funding Insights of Stem
Stem has successfully raised a total of $228.56M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $26 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Series D — $26.0M
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First Round
First Round
(13 Apr 2011)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Debt – Conventional - Stem | Valuation |
investors |
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| Jul, 2018 | Amount | Series D - Stem | Valuation | BNP Paribas , Magnesium Capital |
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| Jan, 2018 | Amount | Series D - Stem | Valuation | Activate Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Stem
Stem has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Iberdrola, Mitsui & Co. and BNP Paribas. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in tech companies for energy transition are focused on.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Investments are directed toward clean energy, mobility, and industry sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Stem
Stem has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AlsoEnergy and Constant Power. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Distributed energy projects are developed, integrated, financed, installed, and operated.
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2016 | ||||
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Energy management software solutions
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Stem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stem Comparisons
Competitors of Stem
Stem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Swell Energy, Cleanwatts, Limejump, Blueprint Power and Encorp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Reseller and installer of energy storage devices
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| domain | founded_year | HQ Location |
Energy management software is provided for commercial and industrial sectors.
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| domain | founded_year | HQ Location |
Virtual power plant aggregation solutions are provided for energy assets.
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| domain | founded_year | HQ Location |
High-rise buildings are acquired for power plant development.
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| domain | founded_year | HQ Location |
Encorp is focused on microgrid solutions for sustainable energy.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Stem
Frequently Asked Questions about Stem
When was Stem founded?
Stem was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Stem located?
Stem is headquartered in Millbrae, United States. It is registered at Millbrae, California, United States.
Is Stem a funded company?
Stem is a funded company, having raised a total of $228.56M across 11 funding rounds to date. The company's 1st funding round was a Series D of $81.69M, raised on Apr 13, 2011.
How many employees does Stem have?
As of Dec 31, 2024, the latest employee count at Stem is 569.
What is the annual revenue of Stem?
Annual revenue of Stem is $144.58M as on Dec 31, 2024.
What does Stem do?
Stem was founded in 2009 and is headquartered in Millbrae, United States. Operations focus on the energy sector, where AI and cloud-based systems are utilized to manage real-time data, predictive analytics, and energy storage. Services include grid stabilization, demand response monitoring, and visibility tools through coordinated power devices and sub-meters. These offerings support optimized energy use across various applications.
Who are the top competitors of Stem?
Stem's top competitors include Blueprint Power, Limejump and Fusebox.
What products or services does Stem offer?
Stem offers PowerTrack, PowerBidder Pro, Athena, and PowerTrack APM.
Is Stem publicly traded?
Yes, Stem is publicly traded on NYSE under the ticker symbol STEM.
How many acquisitions has Stem made?
Stem has made 2 acquisitions, including AlsoEnergy, and Constant Power.
Who are Stem's investors?
Stem has 15 investors. Key investors include Iberdrola, Mitsui & Co., BNP Paribas, TotalEnergies, and General Electric.
What is Stem's ticker symbol?
The ticker symbol of Stem is STEM on NYSE.
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