November Private Market UpdatePrivate market metrics show signs of optimism despite October public market slump
November Private Market Update
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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.
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.
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.
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.
| 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 |
