When was Palmetto founded?

Palmetto was founded in 2009 and became a unicorn in 2022, reaching the milestone in 13 years. It raised its 1st funding round 9 years after its incorporation.

Where is Palmetto located?

Palmetto is headquartered in Charleston, United States. It is registered at 997 MORRISON DRIVE, SUITE 200,CHARLESTON,SC,29403.

Who is the current CEO of Palmetto?

Christopher Kemper of Palmetto. They have also founded 1 company.

How many employees does Palmetto have?

As of Mar 31, 2026, the latest employee count at Palmetto is 673.

Is Palmetto a funded company?

Palmetto is a funded company, having raised a total of $670M across 14 funding rounds to date. The company's 1st funding round was a $4.25M Series A round, raised on Jun 28, 2018.

When was the latest funding round of Palmetto?

Palmetto's latest funding was a $1.2B Conventional Debt round on Jan 17, 2025, with participation from 2 investors.

Is Palmetto a Renewable Energy Tech company?

The primary sector of Palmetto is Renewable Energy Tech.

Where does Palmetto rank among its competitors?

Palmetto ranks 1st amongst 13 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Sunsave, which secured $134M in Jul, 2025.

Who are the top competitors of Palmetto?

Palmetto's top competitors include Sunsave, Yellow and Distributed Energy. Among them, Sunsave secured the most recent funding round in July, 2025.

Palmetto - 2026 Company Profile, Team, Funding & Competitors

Palmetto is a series C company based in Charleston (United States), founded in 2009 by Jared Wray and Christopher Kemper. It operates as a Residential solar energy systems and battery storage solutions. Palmetto has raised $670M in funding from investors like Greycroft, Falkon Ventures and ArcTern Ventures. The company has 13 active competitors, including 6 funded and 1 that has exited. Its top competitors include companies like Sunsave, Yellow and Distributed Energy.

Sectors and market segments that Palmetto operate in

Palmetto serves in the Energy Tech, Environment Tech, Sustainability Tech market segments.The primary business model of Palmetto are:

Company Details

Residential solar energy systems and battery storage solutions. It offers tools to estimate energy savings and system upgrade options. It facilitates financing plans for clean energy setups. Additionally, it provides resources and support for existing customers regarding systems and service requests.

Website: palmetto.com/
Social
Email ID: *****@palmetto.com
Phone Number: +1 **********
Registered Address: 997 MORRISON DRIVE, SUITE 200,CHARLESTON,SC,29403

Key Metrics

Founded Year

2009

Location

Charleston, United States

Stage

Series C

Total Funding

$670M in 14 rounds

Latest Funding Round

Conventional Debt, Jan 17, 2025, $1.2B

Investors

Greycroft & 22 more

Ranked

1^st among 13 active competitors

Employee Count

673 as on Mar 31, 2026

Investment & Acquisitions

SetSale

Similar Companies

Sunsave & 9 more

View Palmetto's full profile

Palmetto is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PALMETTO SOLAR, LLC CIN: 10164318 , United States, Active	May 24, 2021	-	278 (As on Dec 31, 2024)	-

Palmetto has raised a total funding of $670M over 14 rounds. Its first funding round was on Jun 28, 2018. Its latest funding round was a Conventional Debt round on Jan 17, 2025 for $1.2B. 2 investors participated in its latest round. Palmetto has 22 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Palmetto:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 17, 2025	$1.2B	Conventional Debt	-	-	-	Morgan Stanley, Truist
Mar 06, 2023	$150M	Series C	-	-	-	TPG
Feb 24, 2022	$375M	Series C	-	-	Social Capital	ArcTern Ventures, Gaingels, Lerer Hippeau, MacKinnon, Bennett & Company, Bennett and Company

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View details of Palmetto's funding rounds and investors

The founders of Palmetto are Jared Wray and Christopher Kemper. Christopher Kemper is the CEO of Palmetto.

Here are the details of Palmetto's key team members:

Jared Wray: Former Co-Founder of Palmetto.
Christopher Kemper: Co-Founder & CEO of Palmetto.
Contact Info: 1 email address

Palmetto's Board of Directors

Palmetto's board has 1 active member. Charles Christopher Kemper is independent board member.

Here is the list of Palmetto's board of directors:

Name	Type	Representing	Status	Duration
Charles Christopher Kemper	Independent board member	-	Current	10y 0m

View details of Palmetto's Founder profiles and Board Members

Palmetto's employee count trend

Palmetto has 673 employees as of Mar 26. Here is Palmetto's employee count trend over the years:

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Top competitors of Palmetto include Sunsave, Yellow and Distributed Energy. Here is the list of Top 10 competitors of Palmetto, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Palmetto 2009, Charleston (United States), Series C	Residential solar energy systems and battery storage solutions	$670M	Lerer Hippeau, Greycroft & 21 others	71/100
2nd	Sunsave 2022, London (United Kingdom), Series A	Provider of solar panel systems and financing options. It offers a subscription model for solar panel installation, including battery systems and maintenance. The company provides a complete service, encompassing design, installation, monitoring, and financing arrangements. A guarantee covers system performance and maintenance for an extended period. Customers can sell excess energy back to the grid. The company also partners with energy providers to optimize energy tariffs.	$29.3M	Norrsken VC, Culross Global & 12 others	60/100
3rd	Yellow 2018, Lilongwe (Malawi), Series B	Provider of digital platform for informal merchants in Africa	$20M	Convergence Partners, Acumen & 8 others	45/100
4th	Distributed Energy 2019, Singapore (Singapore), Seed	Provider of solar energy solutions for commercial and industrial clients	$1.4M	True Ventures, Katapult & 4 others	43/100
5th	Two Point O Capital 2024, Mumbai (India), Seed	Provider of financing solutions for energy transition projects and businesses	$6.3M	Omnivore, Calabasas Ventures & 9 others	43/100
6th	Woltair 2018, Zlicin (Czech Republic), Series B	Provider of clean energy solutions including photovoltaics, heat pumps, and charging stations	$37.6M	Fifth Wall, ArcTern Ventures & 7 others	43/100
7th	Babio Power 2023, Los Angeles (United States), Unfunded	Platform providing solar energy quotes	-	-	33/100
8th	Climatos 2023, Munich (Germany), Unfunded	Online retailer of solar energy products	-	-	30/100
9th	Solar21 2017, Campinas (Brazil), Unfunded	Offering subscription based solar energy solutions	-	-	29/100
10th	Betterology 2022, Bastrop (United States), Unfunded	Online platform offering solar-based charging solutions	-	-	24/100