Energy Efficiency Company Raising More Funds

Stem Inc., which raised $10.2 million in Series A funds in September from Angeleno Group and Greener Capital, is considering taking in an additional $4 million in funding, according to VentureWire.

Brian Thompson, founder and chief executive, was quoted in the VentureWire article as saying: “We are very likely to go out for a Series B in the next couple of months, with a higher valuation.”

Stem, formerly known as Powergetics,  uses algorithms that collect data on how electricity is used in commercial buildings to create a model that predicts how the building would use the electricity up to a year out.

To read the full VentureWire article cited in this story, click here

Tags: Fundings

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