Stem, Inc. announced that it will issue 87,235,535 series D preferred share at a price of $1.5326 per share for gross proceeds of $133,697,180.941 in funding on January 19, 2018. The company will issue securities pursuant to exemption provided under Regulation D. The shares carry non-cumulative dividend value of $0.1226 per share and will be convertible into common shares at a price of $1.5326 per share. The shares are convertible, non-redeemable and participating. The round will be raised at post money valuation of $336,208,027.
Stem, Inc. provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Its artificial intelligence (AI)-driven enterprise software platform, Athena, enables organizations to deploy and unlock value from clean energy assets at scale. It delivers its battery hardware and software-enabled services to its customers through its Athena platform. Its applications, including AlsoEnergyâs PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. It operates in two key areas within the energy landscape: Behind-the-Meter (BTM) and Front-of-the-Meter (FTM). BTM systems provide power that can be used on-site without interacting with the electric grid and passing through an electric meter. It also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and electric vehicle (EV) fleet charging.
STEM, INC. 
