Fundz

Palmetto Closes on $29 Million Series B Raise

PRIVATEAug 03, 2020

Amount Raised

$29 Million

Round Type

Series B

CharlestonCommerce and ShoppingEnergySustainabilityNatural Resources

Description

 Palmetto, a software company focused on simplified energy savings for homeowners, announced today that it has completed a $29 Million Series B raise. Investors from a wide range of sectors including energy, financial technology and software participated in the capital round that included Evergy Ventures, Arctern Ventures, Shell Ventures, Greycroft, Lerer Hippeau, Box Group, Falkon Ventures and the Leto Family Office. 

Quick answer

Palmetto raised $29 Million in a Series B round, dated August 3, 2020. Palmetto is based in Charleston, West Virginia, United States.

How much did Palmetto raise?
Palmetto raised $29 Million in a Series B round on August 3, 2020.
What does Palmetto do?
Palmetto is committed to the democratization of energy by putting power and control back in the hands of consumers and inspiring them to make environmentally responsible choices.
Where is Palmetto based and how big is it?
Palmetto is based in Charleston, West Virginia, United States.
Who are the decision-makers at Palmetto?
Fundz holds 1 contact at Palmetto, including the Compensation Benefits. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Commerce and Shopping and Energy around the same time

Companies in the same sectors as Palmetto that raised within 45 days of this round, from Fundz verified event records.

  • Chevron raised an undisclosed amount on August 12, 2020.
  • Trillium Gold Mines Inc. raised $7K (Pre-Seed) on September 3, 2020.
  • Stretch Out Studios, Inc. raised $25K (Seed) on September 17, 2020.
  • BruMate, Inc. raised $20M on September 17, 2020.
  • Jacques Marie Mage, Inc. raised $5M on September 16, 2020.
  • Renewable Properties raised $30M (Funding Round) on September 15, 2020.

Who to call at Palmetto, and when

A new round usually means Palmetto is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Palmetto raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Palmetto, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Palmetto. With Fundz connected, it knows.

Watch Fundz in
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

Company Information

Company

Palmetto

Location

Charleston, West Virginia, United States

About

Palmetto is committed to the democratization of energy by putting power and control back in the hands of consumers and inspiring them to make environmentally responsible choices. The company has developed a clean energy marketplace, with proprietary technology designed to make it easier and more affordable for homeowners to source their energy from renewables like solar power. Palmetto is an award-winning company and most recently was awarded Sustainable Company of the year by Best Company. For more information, please visit www.palmetto.com.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Palmetto raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsCraig G., Compensation BenefitsSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Palmetto's next move

See what Strategic adds

Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Palmetto raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.