About Palmetto
Palmetto is an Energy & Utilities company based in Charleston (United States) founded in 2009 by Christopher Kemper and Jared Wray. It operates as a full-end solar services are provided to residential and commercial sectors. Palmetto has raised $670.36 million across 14 funding rounds from investors including Truist, Morgan Stanley and TPG. The company has 749 employees. Palmetto was last valued at $1 billion in December 2022. Its chief executive is Christopher Kemper. Its website palmetto.com draws about 218 thousand monthly visits. Palmetto offers products and services including Solar Panels, HVAC Energy Advisor, Retail Energy Plans, LightReach Solar Lease, and Energy Intelligence API. Its focus areas include Energy Tech, Renewable Energy Tech, Solar Energy and Solar As a Service. Its legal entity is Palmetto Solar, LLC. Its competitors include neoom, UrbanVolt, Solteo, Norwich Technologies and Unisolar Power and 2 more; 3 of its 7 listed competitors have raised funding.
Company details
Palmetto was founded in 2009 in Charleston, United States, and operates in the solar energy sector. Comprehensive solar services are delivered to residential and commercial clients, including lease and purchase options for solar installations. Technology solutions are offered to support reduced dependence on traditional energy systems, with operations focused on the U.S. market.
- Headquarters Charleston, United States
- Employees 749
- Founders Christopher Kemper, Jared Wray
- Stage Unicorn
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Energy Industry
- Email••••••••
- Phone•••• ••••
- Website palmetto.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Palmetto Solar, Llc
- Total Equity Funding$670.36M (USD)
in 14 rounds
- Latest Funding Round$1.2B (USD), Debt – Conventional
Jan 2025
- InvestorsTruist
& 21 more
- Employee Count749
Products & Services of Palmetto
Palmetto offers a comprehensive portfolio of products and services, including Solar Panels, HVAC Energy Advisor, Retail Energy Plans, LightReach Solar Lease, and Energy Intelligence API.
Service for purchasing and installing solar panels to reduce home energy costs.
Tool for optimizing home heating and cooling systems for efficiency.
Plans for energy subscriptions and comparisons to lower utility bills.
Lease option for solar systems without maintenance or installation costs.
API for businesses to integrate energy data and optimize operations.
Apps and channels of Palmetto
its YouTube channel Palmetto has 530 subscribers and 30 videos.
Videos from Palmetto
The most watched videos on Palmetto's YouTube channel, Palmetto (530 subscribers). Click a video to play it here.
More on Palmetto.
Funding Insights of Palmetto
Palmetto has successfully raised a total of $670.36M across 14 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.2 billion completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $670.36M
- Total Rounds 14
- Last Round Debt – Conventional — $1.2B
- First Round $4.25M
(Jun 2018)
- Investors Count 22
Latest 10 of 14 funding rounds of Palmetto with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $1.2B | Debt – Conventional | – | – | |
| Mar 2023 | $150M | Series C | – | The Rise Fund | – |
| Feb 2022 | $375M | Series C | – | Social Capital | |
| Feb 2021 | $80M | Series C | – | – | – |
| Dec 2020 | $5M | Series B | – | – | – |
| Aug 2020 | $29M | Series B | – | Evergy Ventures, ArcTern Ventures | – |
| Jul 2020 | $11.33M | Series B | – | – | – |
| Feb 2020 | $4.4M | Series A | – | – | – |
| Oct 2019 | $820,000 | Series A | – | – | – |
| Jul 2019 | $1M | Series A | – | – | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Palmetto
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $1B (Dec 2022). 22 investors in total: 21 institutional and 1 angel.
Investors in Palmetto
Palmetto has secured backing from 22 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Truist, Morgan Stanley and TPG.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic VC investment company investing globally | – | therisefund.com | San Francisco, United States | |
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States | |
Venture capital firm focused on multiple sectors | – | arcternventures.com | Toronto, Canada | |
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | – | gaingels.com | - | |
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
Growth capital is provided to climate innovation companies. | – | mkbandco.com | Montreal, Canada | |
Venture capital firm backed by Shell | – | shell.com/energy-and-innovation/innovating-together/shell-technology-ventures.html | The Hague, Netherlands | |
Multiple sectors are targeted for venture capital investments by Greycroft. | – | greycroft.com | New York, United States | |
Investments in technology startups are made by Falkon Ventures. | – | falkonventures.com | Austin, United States | |
Investing in early-stage tech companies and ideas. | – | boxgroup.com | - |
Investor details for Palmetto
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Palmetto
45 people are tracked at Palmetto (19 in leadership, 13 in board & advisors, 13 in team); the tracked headcount is 749.
| Name | Role | Group |
|---|---|---|
Christopher Kemper | Co-Founder & CEO | Leadership |
Jared Wray | Founder | Leadership |
Dimitry Doohovskoy | Senior Vice President Operations | Leadership |
Kevin Lehr | VP Of Finance | Leadership |
Omar Amin | President & General Counsel | Leadership |
Sophia Siddiqi | Sr. Director, Business Operations | Leadership |
Felicia Tan | Chief of Staff | Leadership |
Sean Hayes | COO | Leadership |
Stephen Massimi | Director Of Business & Account Development | Leadership |
Andi Summers | Head Of People | Vp, People & Culture | Leadership |
Troy Roble | Vice President Of Business Development - Lightreach | Leadership |
Guthrie Dundas | Chief Financial Officer | Leadership |
Jesse Herlitz | Director Of Product Design | Leadership |
Vaiva Razgaitis | Director, Process Improvement & Product Operations | Leadership |
Nathan Healy | Vice President | Leadership |
Neil Shah | Vice President, Corporate Controller | Leadership |
Peter Gage | Vice President, Product | Leadership |
Dave Hicks | Svp, Chief Accounting Officer | Leadership |
Derek Heckendorn | Chief Capital & Business Development Officer, Head Of Lightreach | Leadership |
Philip Stephens | Advisor | Board & advisors |
25 more people are available in the full profile.
Complete people profiles for Palmetto
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Palmetto
4 dated milestones of Palmetto across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Palmetto is founded.
- Funding First funding round of $4.2M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $1.2B.
Competitors of Palmetto
Palmetto has 7 listed competitors in our database, 3 of them funded. They include neoom, UrbanVolt, Solteo, Norwich Technologies and Unisolar Power, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| neoom.com | 2011 | Freistadt, Austria | $81.85M | – | Solar-based power generation and management solutions are provided. | |
| urbanvolt.com | 2015 | Dublin, Ireland | $80.54M | – | Offers lighting as a service solutions | |
| solteo.fr | 2023 | Paris, France | $1.58M | – | Solar energy project portfolios are managed via SaaS software. | |
| norwichtech.com | 2011 | Hartford, United States | – | 35 | Solar energy is generated by a passive snow shredder device. | |
| unisolarpower.in | 2016 | Hyderabad, India | – | – | Provides solar energy solutions, including rooftop installations for residential and commercial customers. | |
| youdera.com | 2015 | Lausanne, Switzerland | – | – | Solar financing platform providing PPAs for renewable energy projects in Europe. | |
| fcsenergia.com | 2018 | Salta, Argentina | – | – | Develops, designs, builds, and operates renewable energy projects, specializing in solar technology. |
Detailed competitors of Palmetto
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Palmetto
The website of Palmetto (palmetto.com) receives about 217.6K visits a month and ranks #163,553 among all websites worldwide, #1,436 in Energy Industry.
- Monthly visits217.6K
▼ 4.4% vs previous month
- Unique visitors87.6K
per month
- Global rank#163,553
among all websites
- Category rank#1,436
Heavy Industry and Engineering · Energy Industry
- Bounce rate47%
- Pages per visit3.7
- Average visit1 min 41 sec
- DevicesDesktop 55% · Mobile 45%
Websites whose visitors overlap most with Palmetto. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| energysage.com | 100% | 390.5K | #113,502 | View details | |
| solarreviews.com | 95% | 186.8K | #226,922 | View details | |
| sunrun.com | 93% | 656K | #70,868 | View details | |
| greenlancer.com | 92% | 71.4K | #486,332 | View details | |
chariotenergy.com | chariotenergy.com | 91% | – | #430,031 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Palmetto
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- 40 similar websites
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Top companies in Renewable Energy Platforms
10 companies that operate in the same segment as Palmetto (Renewable Energy Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Manufacturer of smart solar inverters | 2006 | Herzliya, Central District, Israel | USD 96.8 M | USD 1.18 B | 5,630 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
Online platform for funding solar projects | 2015 | New York, New York, United States | USD 503.95 M | – | 30 | |
Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 | |
An online platform for energy storage solutions is offered. | 2017 | San Jose, California, United States | USD 104 M | – | 680 |
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Related news about Palmetto
Complete news archive for Palmetto
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Frequently Asked Questions about Palmetto
Palmetto was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Palmetto is headquartered in Charleston, United States. It is registered at Charleston, South Carolina, United States.
Christopher Kemper is the current CEO of Palmetto. They have also founded this company.
Palmetto is a funded company, having raised a total of $670.36M across 14 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Jun 2018.
Palmetto has 749 employees.
Palmetto was founded in 2009 in Charleston, United States, and operates in the solar energy sector. Comprehensive solar services are delivered to residential and commercial clients, including lease and purchase options for solar installations. Technology solutions are offered to support reduced dependence on traditional energy systems, with operations focused on the U.S. market.
Palmetto offers Solar Panels, HVAC Energy Advisor, Retail Energy Plans, LightReach Solar Lease, and Energy Intelligence API.
Palmetto has 22 investors. Key investors include Truist, Morgan Stanley, TPG, Social Capital, and Lerer Hippeau.
The valuation of Palmetto is $1B as of Dec 2022.
Palmetto operates through Palmetto Solar, Llc.
The website of Palmetto receives about 218 thousand visits a month and ranks #163,553 among all websites worldwide.