Tech Company Financing Transactions
Palmetto Funding Round
Social Capital, ArcTern Ventures and Gaingels invested in a $375 million Series C funding round for Palmetto. The funding round was announced on 3/16/2022.
Transaction Overview
Company Name
Announced On
3/16/2022
Transaction Type
Venture Equity
Amount
$375,000,000
Round
Series C
Investors
Social Capital (Lead Investor) (Chamath Palihapitiya)
Proceeds Purpose
Palmetto will use the funds to invest in growing its marketplace of independent contractors, as well as the technology, people, and resources to maintain -- and over time grow -- its overall operating efficiencies in order to expand its addressable market.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
1505 King St. Ext. 114
Charleston, SC 29405
USA
Charleston, SC 29405
USA
Phone
Website
Email Address
Overview
Palmetto is the leading clean technology software and fulfillment company. Palmetto is scaling the deployment of consumer cost-saving clean technology products such as energy storage, solar power, demand management systems, energy efficiency through our business-to-business-to-consumer platform.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Chris Kemper
Chief Operating Officer
Leon Keshishian
Chief Technical Officer
Jared Wray
President
Sean Hayes
VP - Bus. Development
Michael Epps
VP - Customer Service
Allen Griffith
VP - Engineering
Rick Wood
VP - Finance
Kevin Lehr
VP - Human Resources
Michelle Stallings
VP - Marketing
Cory O'Brien
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