Stem is a distribution & payments solution that helps creators, artists, and musicians to collect digital revenue and enables them to track and share their earnings.
Stem develops a platform intended to provide distribution and payments solution for artists and their teams.
Stem was founded in 2015 by Milana Lewis, Jovin Cronin-Wilesmith and Tim Luckow. The company is headquartered in Los Angelese, California.
Stem’s artist-first platform is pioneering an entirely new model of distribution and monetization that puts the creator in the driver’s seat, giving them and their team the data, support, and access they need to maintain their independence.
Stem has developed Scale, it offers artists and independent labels advances in the form of a revolving credit line with the ultimate draw limit and fee based on their net share of income. Uniquely, Scale allows any of the content’s shareholders access to capital.
Stem also offers indie artists and labels financial tools that enable Stem clients to track their revenues, access capital, manage splits with collaborators, and automate payments
Stem is backed by QED Investors, Block, Upfront Ventures, Slow Ventures, Aspect Ventures, CoVenture, WndrCo, Quality Control, Gary Vaynerchuk, Mark Cuban, and others. The company raised $20M in a new round on Apr 18, 2022. This brings Stem's total funding to $42.5M to date.