Zahren Funds Announce its Successful Equity Exit of Portfolio Company Stem, Inc.

Clean Feet Investors I, LLC & ZFC Capital Partners I, LP of the Zahren Funds Announce its successful equity exit of portfolio company Stem, Inc.

Avon, CT, November 10, 2021

Clean Feet Investors I, LLC (“CFI I”), a fund managed by Zahren Financial, LLC., and part of the Zahren Family of Funds is pleased to announce its successful equity exit of portfolio company Stem, Inc (NYSE: STEM). This follows Stem’s completion of their merger with Star Peak Energy Transition Corp to become a publicly traded stock. Zahren Funds investors had a six-month lockup that has now expired. 

CFI I was one of Stem’s early investors in 2013, structuring an 8-million dollar project finance deal through the use of a special purpose vehicle (SPV) to own, operate, and install battery storage systems. In addition, CFI I management negotiated a significant amount of warrants that have now transferred into common shares of Stem with an current market value of over $5 million.

ZFC Capital Partners I, L.P. raised $3.775 million inside Stem’s Series D preferred stock round, which closed in 2018. With the merger complete, ZFC I have transferred their Preferred shares into common shares of Stem with a current market value of over $12.5 million. Thus, completing a 3X return for ZFC I investors in under a three-year holding period. 

About Stem, Inc.:

Stem (NYSE:STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation, and grid power. As a result, Stem’s solutions help enterprise customers benefit from clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility, and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community, or commercial solar projects – both behind and in front of the meter. For more information, visit

About Clean Feet Investors I, L.LC:

Clean Feet Investors I, LLC invests in proven sustainable and renewable energy technologies in North America.  To date approximately $30,000,000 of capital from qualified accredited investors and reinvestment of several asset sales has been placed in operating assets by ZFC with eleven different partner companies.  CFI I was closed to new investors in 2016 and has made regular quarterly pre-tax cash distributions to investors for 44 consecutive CFI quarters at annualized double-digit rates of return since January 2011.

About ZFC Capital Partners I, LP:

ZFC Capital Partners I, L.P. (“ZFC I”) was formed in 2018 to invest in the Series D Preferred Stock round of Stem, Inc, a market leader in AI-driven clean energy storage systems. ZFC I raised $3.775 million, which was part of a total raise of over $120 Million for the D round. This past December, Stem, Inc announced a pending merger with a Special Purpose Acquisition Company (“SPAC”) under the name Star Peak Energy (STPK). The merger closed in April of this year, and the company is now trading on NYSE as STEM. 

For additional information, please contact:

Stem, Inc.        

Contact: Investor Relations at

Clean Feet Investors I, LLC  

Contact: 860-777-1660 or via our website