Avon, CT, December 26, 2018
Zahren Financial Co, LLC (“ZFC”), with headquarters in Avon, CT is pleased to announce the closing of a private placement venture capital offering in ZFC Capital Partners I, LP of $3,775,000 of investor subscriptions. Certain proceeds after expenses have been invested in shares of the Series D Preferred stock of Stem, Inc.
ZFC is also the manager of Clean Feet Investors I, LLC which invested $8 million of project equity with Stem in 2013-2015.
Bernie Zahren, CEO of ZFC said; “We are very proud to invest alongside a number of large venture capital investors in the approximate $110 Million D round for Stem placed as of 2018.” Investors in Clean Feet were offered this unique opportunity because of the relationship and support of Stem when their battery storage systems were in the early stages of development.
About Clean Feet Investors, I, LLC
Clean Feet Investors I, LLC is managed by ZFC and was closed to new investors in 2016. 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. ZFC has made regular quarterly cash distributions to investors who embrace the concept of “Doing Well by Doing Good” since the inception of the CFI offering in 2010.
About Stem, Inc.
Stem creates innovative technology services that transform the way energy is distributed and consumed. The company’s mission is to build and operate the largest digitally connected energy storage network for their customers. Their world class analytics optimize the value of customer’s energy assets and facilitate their participation in energy markets, yielding economic and societal benefits while decarbonizing the grid. Headquartered in Millbrae, California, Stem is funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril Capital Management, Mitsui & Co. LTD, Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek, and Total Energy Ventures.
Stem, Inc, www.stem.com