# Stem funding: rounds and investors > Stem has raised $368M across 9 rounds since 2011. Investors include Angeleno Group, GE Ventures and Total Energy Ventures. Every round with its source. Source: https://millionrounds.com/company/stem (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # Who invested in *Stem* 9 rounds we have observed, with the 14 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Education Fintech Funding summary Updated 26 Oct 2026 **$368M** raised across 9 rounds since 2011, from 9 sources **$2.9M** Debt **$10M** Series A **$15M** Series B **$27M** Series B **$12M** Series C **$33M** Series C **$8.0M** Series A **$80M** Series D **$180M** Series D - **Latest round:** Series D, $180M Jun 2018 - **Step-up i:** 2.3× - **Investors:** 14 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2011 2012 2013 2014 2015 2016 2017 2018 **$2.9M** Debt **$10M** Series A **$15M** Series B **$27M** Series B **$12M** Series C **$8.0M** Series A **$80M** Series D **$180M** Series D - **First round:** Debt, $2.9M - **Biggest round:** $180M - **Usual gap between rounds:** 12 months ## The rounds - **Jun 2018** Series D **$180M** *2 new* [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) Magnesium Capital/ Ontario Teacher's Pension Plan Reported by FinSMEs SEC filing: $6.5M sold, first sale Sept 2016 - **Jan 2018** Series D **$80M** *2 new* [Temasek Holdings](https://millionrounds.com/fund/temasek) Activate Capital/ Ontario Teachers’ Pension Plan Reported by FinSMEs SEC filing: $82M sold, first sale Jan 2018 - **Jun 2017** Series A **$8.0M** *2 new* [Evolution Media](https://millionrounds.com/fund/evolution-media) [Aspect Ventures/ Upfront](https://millionrounds.com/fund/aspect-ventures-upfront) Reported by FinSMEs SEC filing: $2.7M sold, first sale Sept 2016 - **Aug 2015** Series C **$33M** *1 new* RWE Supply & Trading From a historical funding record - **Apr 2015** Series C **$12M** *1 new* *5 returning* [GE Ventures](https://millionrounds.com/fund/ge-ventures) [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd) [Angeleno Group](https://millionrounds.com/fund/angeleno-group) [Total Energy Ventures](https://millionrounds.com/fund/total-energy-ventures) [Constellation Energy](https://millionrounds.com/fund/constellation-energy) [Iberdrola](https://millionrounds.com/fund/iberdrola) From a historical funding record SEC filing: $16M sold, first sale Mar 2015 - **Jan 2015** Series B **$27M** *2 new* [Total Energy Ventures](https://millionrounds.com/fund/total-energy-ventures) [Constellation Energy](https://millionrounds.com/fund/constellation-energy) From a historical funding record SEC filing: $16M sold, first sale Mar 2015 - **Dec 2013** Series B **$15M** *2 new* *1 returning* [GE Ventures](https://millionrounds.com/fund/ge-ventures) [Angeleno Group](https://millionrounds.com/fund/angeleno-group) [Iberdrola](https://millionrounds.com/fund/iberdrola) Reported by finsmes.com - **Apr 2012** Series A **$10M** *2 new* [Angeleno Group](https://millionrounds.com/fund/angeleno-group) [Greener Capital](https://millionrounds.com/fund/greener-capital) Reported by finsmes.com - **Apr 2011** Debt **$2.9M** No investor was named in the report. Reported by sec.gov ## Founders and team From the SEC filings it signed: 2 on the team. - **John Carrington** Executive Officer, Director i - **William Bush** Executive Officer i On the board, as filed i *Anup Jacob* *Catherine Wainwright* *David Buzby* *Go Mizoguchi* *Michael Smith* *Olivia Steedman* *Paul Leggett* *Zeb Rice* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2012 **Series B** 2013 **Series B** 2015 **Series C** 2015 **Series C** 2015 **Series A** 2017 **Series D** 2018 **Series D** 2018 [Angeleno Group](https://millionrounds.com/fund/angeleno-group) [GE Ventures](https://millionrounds.com/fund/ge-ventures) [Total Energy Ventures](https://millionrounds.com/fund/total-energy-ventures) [Constellation Energy](https://millionrounds.com/fund/constellation-energy) [Iberdrola](https://millionrounds.com/fund/iberdrola) [Temasek Holdings](https://millionrounds.com/fund/temasek) [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd) [Evolution Media](https://millionrounds.com/fund/evolution-media) [Greener Capital](https://millionrounds.com/fund/greener-capital) ## Everyone who backed them [Angeleno Group](https://millionrounds.com/fund/angeleno-group) VC firm **3** rounds [GE Ventures](https://millionrounds.com/fund/ge-ventures) Corporate VC **2** rounds [Total Energy Ventures](https://millionrounds.com/fund/total-energy-ventures) VC firm **2** rounds [Constellation Energy](https://millionrounds.com/fund/constellation-energy) VC firm **2** rounds [Iberdrola](https://millionrounds.com/fund/iberdrola) Growth equity **2** rounds [Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) VC firm **1** round [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd) Corporate VC **1** round [Evolution Media](https://millionrounds.com/fund/evolution-media) VC firm **1** round [Greener Capital](https://millionrounds.com/fund/greener-capital) VC firm **1** round [Aspect Ventures/ Upfront](https://millionrounds.com/fund/aspect-ventures-upfront) VC firm **1** round Activate Capital/ Ontario Teachers’ Pension Plan no record of our own yet **1** round Magnesium Capital/ Ontario Teacher's Pension Plan no record of our own yet **1** round RWE Supply & Trading no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=stem). ## Also claim to have backed them These 7 firms list Stem as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Aspect Ventures](https://millionrounds.com/fund/aspect-ventures) VC firm Per its own site [InReach Ventures](https://millionrounds.com/fund/inreach-ventures) VC firm Per its own site [PUSH VC](https://millionrounds.com/fund/push-vc) VC firm Per its own site [Fourward Ventures](https://millionrounds.com/fund/fourward-ventures) VC firm Per its own site [IECP Ventures](https://millionrounds.com/fund/iecp-ventures) VC firm Per its own site [Kombo Ventures](https://millionrounds.com/fund/kombo-ventures) VC firm Per its own site [Magnesium Capital](https://millionrounds.com/fund/magnesium-capital-llp) Private equity Per its own site ## Quick answers about Stem ### Who invested in Stem? Stem's investors include Angeleno Group, GE Ventures, Total Energy Ventures, Constellation Energy and Iberdrola, and 9 more on record. ### How much has Stem raised? Stem has raised $368M across 9 rounds since 2011. ### When did Stem last raise? Stem's most recent round was a Series D of $180M in Jun 2018. ### What was Stem's biggest round? Its most recent round, $180M in Jun 2018, is also its largest on record. ### Who backed Stem first? Stem's first round on record, in Apr 2012, was backed by Angeleno Group and Greener Capital. ### What stage is Stem at? Stem's latest named round is a Series D, in Jun 2018. ### Where is Stem based? Stem is based in the United States. ## Companies like Stem In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app