Palmetto was founded in 2009 by Christopher Kemper. While the company has not publicly endorsed plans to participate in an IPO, Chamath Palihapitiya, founder and CEO of Social Capital, said in 2022 that Palmetto may be looking at “a monster IPO sometime soon-ish."

Palmetto is a clean energy marketplace whose technology allows consumers to source affordable renewable energy. The company has raised more than $500 million in venture capital funding from investors including TPG Rise, Social Capital, ArcTern Ventures, Gaingels, Lerer Hippeau, and MacKinnon, Bennett & Co. The company was valued at more than $1 billion in 2022.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Learn more about Palmetto

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What is Palmetto's IPO price?

The IPO price for Palmetto will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Palmetto?

Palmetto is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

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Can you sell Palmetto shares pre-IPO?

If you own Palmetto pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.

Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.

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Is Palmetto a publicly traded company?

Palmetto is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

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What is Palmetto's funding to date?

Palmetto has raised $423.29MM to date.
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When was Palmetto founded?

Palmetto was founded in 2009.

Who are Palmetto's major investors?

Shell Ventures
Energy Impact Partners
9Yards Capital
Lerer Hippeau
Social Capital
Detroit Venture Partners
Calm Ventures
Evergy Ventures
Sterling Group

Palmetto Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
2/24/2022 Series C, C-1 and C-2 $375MM raised $XXX.XX $XXX.XX
8/3/2020 Series B $44MM raised $XXX.XX $XXX.XX
9/4/2018 Series A $4.29MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 21, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.