Governor Arnold Schwarzenegger, Billie Eilish, Finneas O’Connell, Bono, LeBron James, Drake, Maverick Carter and Jimmy Iovine are some of the standout names that invested in the clean energy startup Palmetto. $375 million was raised by the help of celebrity venture capitalist Social Capital – Chamath Palihapitiya. According to Crunchbase, Palmetto Clean Technology has raised a total of $478.3M in funding over the period of 8 rounds.
Palmetto is a clean energy platform founded by Chris Kemper with the aim to make it easier as well as more affordable for homeowners to have renewable energy like solar power.
The company is based in South Carolina and operates by platform by overseeing the process where homeowners are put in touch with sales reps and solar rooftop / solar energy installations. Currently the company operates in 24 states and is said to be using its recent raised capital on growing the marketplace and expanding and improving operating efficiencies.