What is Palmetto?
Palmetto operates at the forefront of the clean technology sector, offering a comprehensive software and fulfillment platform designed to accelerate the adoption of sustainable energy solutions. The company's core mission involves streamlining the deployment of products such as solar power, energy storage, and advanced demand management systems for consumers. By leveraging proprietary technology, Palmetto aims to overcome historical obstacles in the sector, particularly the high cost of customer acquisition, and to gain intelligent insights that drive sector-wide success. Based in Charleston, South Carolina, with additional offices across the United States, Palmetto is actively innovating its product pipeline to reshape consumer energy consumption behavior and establish new industry benchmarks.
How much funding has Palmetto raised?
Palmetto has raised a total of $1.8B across 7 funding rounds:
Series A
$6M
Debt
$2M
Series B
$29M
Unspecified
$375M
Private Equity
$150M
Other Financing Round
$1.2B
Private Equity
$7.2M
Series A (2018): $6M with participation from Greycroft Partners
Debt (2020): $2M led by PPP
Series B (2020): $29M supported by Evergy Ventures, Box Group, Lerer Hippeau, Shell Ventures, Leto Family Office, Falkon Ventures, Greycroft Partners, and ArcTern Ventures
Unspecified (2022): $375M featuring Social Capital
Private Equity (2023): $150M backed by TPG Rise Climate
Other Financing Round (2025): $1.2B, investors not publicly disclosed
Private Equity (2025): $7.2M, investors not publicly disclosed
Key Investors in Palmetto
Social Capital
Social Capital is dedicated to collaborating with blue-chip nonprofits and their partners to link their shared values to measurable impact. Social Capital is an industry authority on philanthropic marketing working with the American Marketing Association and The NonProfit Times.
TPG Rise Climate
TPG Rise Climate is a prominent investment platform focused on climate-related investments, aiming to support companies that drive significant environmental impact and sustainable solutions.
Greycroft Partners
Greycroft is a leading venture capital firm focused on investments in the Internet and mobile markets, leveraging an extensive network to help entrepreneurs build successful businesses.
What's next for Palmetto?
With a significant influx of capital and a clear strategic direction, Palmetto is poised for accelerated growth and market expansion. The recent major strategic investment signals strong confidence from backers in the company's ability to further innovate and scale its clean technology solutions. This backing will likely fuel advancements in their proprietary product pipeline, enhance customer acquisition strategies, and broaden the reach of their consumer energy solutions. Palmetto's continued focus on reducing costs and shaping energy consumption behavior positions it as a key player in the ongoing energy transition, with potential for further enterprise-level funding rounds to support its ambitious scaling objectives.
See full Palmetto company page
