Stem Lands $15,000,000 Series B Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=05c4b9b8-fdc0-491e-a369-7a23f4e123ab
Date
12/17/2013
Company Name
Stem
Mailing Address
100 Rollins Road Millbrae, CA 94030
Company Description
Stem is leading the way to a brighter, more cost-effective energy future. Since 2009, Stem has been analyzing how various types of businesses use electricity and how they are charged for it.
Website
http://www.stem.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series B
Proceeds Purposes
The Series B funds will enable expansion to new commercial and industrial sectors and geographies primed to benefit from the cost savings associated with advanced energy storage systems.
M&A Terms
Venture Investor
Iberdrola Group
Venture Investor
GE Ventures
Venture Investor
Angeleno Group