Stem Scores $15M From Peter Thiel's Mithril Capital
Millbrae-based Stem, a developer of battery-backed, software-driven energy storage systems, said this morning that it has raised $15M in an investment from Mithril Capital Management--the investment firm of Peter Thiel--along with RWE Supply & Trading of Germany, Mitsui & Co., and investors from previous rounds. The new Series C funding brings its total funding in the round to $68M. Stem is led by CEO John Carrington. Other investors in the round include Angeleno Group, Iberdrola, GE Ventures, Constellation New Energy, and Total Energy Ventures.
posted on Wednesday, May 25, 2016 (Link to more information)
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