Stem is a Los Angeles-based startup focused on simplifying payment management for independent record labels and the artists they represent. Its platform equips labels with tools to track royalties and distribute earnings, aiming to ensure accurate and timely artist payouts. The company is led by co-founder and CEO Milana Lewis. Stem disclosed that, including its latest raise, it has secured approximately $40 million in total funding to date. Investors in its newest round include QED Investors, Block, Slow Ventures, and Quality Control. The fresh capital bolsters Stem’s position in the growing niche of music-related financial infrastructure.

Total raised

$65M

Funding rounds

5

Latest round

Equity

Latest activity

Apr 2022