Palmetto Overview
- Founded
-
2009
- Status
-
Private
- Employees
-
507
- Latest Deal Type
-
Series C
- Latest Deal Amount
-
$375M
- Investors
-
30
Palmetto General Information
Description
Developer of energy management and consumption tracking platform and solar energy equipment designed to monitor and optimize solar energy consumption. The company's platform provides real-time insights for tracking daily energy usage while offering recommendations from solar experts as well as designs and installing solar systems, enabling homeowners to view their system performance with transparency and track renewable energy usage.
Contact Information
Website
www.palmetto.com
Formerly Known As
Ecologic Solutions, Palmetto Global Holdings
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Other Industries
Application Software
Other Energy Services
Primary Office
- 997 Morrison Drive
- Suite 200
- Charleston, SC 29403
- United States
+1 (855) 000-0000
Palmetto Timeline
Palmetto Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC (Series C) | 24-Feb-2022 | $375M | 00000 | 000 | Completed | Generating Revenue |
| 5. Later Stage VC (Series B) | 03-Aug-2020 | 0000 | 000.00 | 00000 | Completed | Generating Revenue |
| 4. Mezzanine | 12-Dec-2019 | 00.000 | 000.00 | Completed | Generating Revenue | |
| 3. Debt - General | 15-Feb-2019 | 0000 | 000.00 | Completed | Generating Revenue | |
| 2. Later Stage VC (Series A) | 04-Sep-2018 | $4.25M | $4.35M | 0000 | Completed | Generating Revenue |
| 1. Angel (individual) | 14-Mar-2016 | $100K | $100K | Completed | Generating Revenue |
Palmetto Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C-2 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
| Series C-1 | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 000 | |
| Series C | 00,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
| Series B | 22,120,479 | $0.001000 | $1.99 | $1.99 | 1x | $1.99 | 16.21% | |
| Series A | 6,532,461 | $0.001000 | $0.66 | $0.66 | 1x | $0.66 | 4.79% |
Palmetto Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of energy management and consumption tracking platform and solar energy equipment designed to monitor and opti
Alternative Energy Equipment
Charleston, SC
507
As of 2022
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Fredericton, Canada
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Toronto, Canada
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Add Comparison
Palmetto Competitors (18)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| SimpTek | Venture Capital-Backed | Fredericton, Canada | 00 | 00.00 | 0000000000 0 | 00.00 |
| 000000 | Venture Capital-Backed | Toronto, Canada | 00 | 00.000 | 0000000000 0 | 00.000 |
| 00000000 | Corporate Backed or Acquired | Royal Oak, MI | 00 | 0000000000 0 | ||
| 0000000000 | Venture Capital-Backed | Los Altos, CA | 0000000000 0 | |||
| 000000 000000 | Private Equity-Backed | Cambridge, United Kingdom | 00 | 000000000000 |
Palmetto Patents
Palmetto Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20140327308-A1 | Solid-state bi-directional balanced energy conversion and management system | Inactive | 05-May-2013 | 00000000 | 0 |
| US-20120021145-A1 | Biodegradable sorbent devices for use in liquid spills | Inactive | 02-Sep-2010 | 000000000 | |
| US-660144-A | Adhesive composition and method of making same. | Inactive | 23-Mar-1899 | A61K9/286 |
Palmetto Executive Team (15)
Palmetto Board Members (11)
| Name | Representing | Role | Since |
|---|---|---|---|
| Andrew Leto | Self | Board Member | 000 0000 |
| Brock Smith JD | Self | Board Member | 000 0000 |
| Chamath Palihapitiya | Self | Board Member | 000 0000 |
| Christopher Kemper | Palmetto | Founder, Chief Executive Officer & Chairman | 000 0000 |
| Francis Suarez | Palmetto | Board Member | 000 0000 |
Palmetto Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %
-35.5%.
530%
Size Multiple
219x
Median
Size Multiple
219x, 100th %ile
0.00x
0.95x.
413Kx
Key Data Points
Twitter Followers
5.5k
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Palmetto Investors (30)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| Alex Rogalski | Angel (individual) | Minority | 000 0000 | 000000 0 | |
| Arcturus Venture | Family Office | Minority | 000 0000 | 000000 0 | |
| Calm Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
| Chris Cykowski | Angel (individual) | Minority | 000 0000 | 000000 0 | |
| David Bennett | Angel (individual) | Minority | 000 0000 | 000000 0 |
Palmetto Investments & Acquisitions (2)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 00000 000 000 | 11-Jul-2022 | 0000000000 | Alternative Energy Equipment | ||
| Mapdwell | 25-Mar-2021 | Buyout/LBO | Energy Marketing | 000000000 |
Palmetto Subsidiaries (2)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Green Day Power | Alternative Energy Equipment | Sacramento, CA | 2016 |
| 00000000 | Energy Marketing | Boston, MA | 0000 |