Stem Music Startup Drives Social Change Plus $100 Million In Artist Royalty Distributions

Stem’s music distribution and payment platform recently raised $10 million in new funding and, since its 2015 launch, has paid out $100 million in royalty payments to independent artists using the platform. While the Los Angeles-based financial technology startup’s latest milestones help support creators during the ongoing pandemic and related economic devastation that has left them in search of new sources of stability and security, the company is not stopping there. 

Committed to taking substantive action against racial injustice, Stem continues to lead various Diversity, Equity and Inclusion (DEI) initiatives and company-wide days of learning about topics like Blackout Tuesday and Juneteenth. The company is also taking action against anti-Blackness and white supremacy, which has resulted in the formation of

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