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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Can you invest in Palmetto pre-IPO?

Palmetto is a privately held company and is not publicly traded, therefore investing in Palmetto pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can learn more about Forge’s Secondary Marketplace and how to invest in private companies before their potential IPO. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

Can you sell shares of Palmetto before it goes public?

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Is Palmetto a publicly traded company?

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To learn more about Palmetto potential IPO

Will Palmetto go IPO?

Palmetto has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Palmetto’s IPO price?

The Palmetto IPO price does not exist at this time, as Palmetto is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Palmetto register for Forge Markets, today.

When was Palmetto founded?

Palmetto was founded in 2009.

What is Palmetto funding to date?

Palmetto has raised $423.29MM to date.

Who are Palmetto’s major investors?

Leto Family Office
Evergy Ventures
Box Group
Energy Impact Partners
Greycroft
Social Capital
Shell Ventures
Falkon Ventures
Gaingels
Lerer Hippeau
Mkb
Detroit Venture Partners
David Stern
Sterling Group
Arctern Ventures
Tpg
9yards Capital
Calm Ventures

Palmetto Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
02/24/2022 Series C-2 $51.74MM $xx.xx $103.44B Arctern Ventures, Gaingels, Lerer Hippeau, Mkb, Social Capital
Price per Share
$xx.xx
Shares Outstanding
7,060,128
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arctern Ventures, Gaingels, Lerer Hippeau, Mkb, Social Capital
02/24/2022 Series C-1 $129.26MM $xx.xx $103.44B Arctern Ventures, Gaingels, Lerer Hippeau, Mkb, Social Capital
Price per Share
$xx.xx
Shares Outstanding
17,640,047
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arctern Ventures, Gaingels, Lerer Hippeau, Mkb, Social Capital
02/24/2022 Series C $194MM $xx.xx $103.44B Arctern Ventures, Gaingels, Lerer Hippeau, Mkb, Social Capital
Price per Share
$xx.xx
Shares Outstanding
37,053,937
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arctern Ventures, Gaingels, Lerer Hippeau, Mkb, Social Capital
08/03/2020 Series B $44MM $xx.xx $12.67B Arctern Ventures, Box Group, Evergy Ventures, Falkon Ventures, Greycroft, Lerer Hippeau, Leto Family Office, Shell Ventures
Price per Share
$xx.xx
Shares Outstanding
22,120,479
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arctern Ventures, Box Group, Evergy Ventures, Falkon Ventures, Greycroft, Lerer Hippeau, Leto Family Office, Shell Ventures
09/04/2018 Series A $4.29MM $xx.xx $1.43B Box Group, David Stern, Greycroft, Lerer Hippeau
Price per Share
$xx.xx
Shares Outstanding
6,532,461
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Box Group, David Stern, Greycroft, Lerer Hippeau
Updated on: Nov 25, 2024

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