CHARLESTON, S.C., Aug. 3, 2020 /PRNewswire/ -- 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.
"We are honored to have support from a wide range of partners and appreciate their recognition in the importance of our mission to mitigate climate change," said Chris Kemper, Founder and CEO of Palmetto. "The proceeds from this investment will help us further grow our product lines and expand into a wider range of services with our consumers.
"We have a validated strategic roadmap that continues to withstand the test of time; we have an excellent team and, most of all, a resilient, agile culture that continually adapts to market needs. Our core mission of climate change mitigation has remained front and center in everything we do for over a decade. Today, we're starting to see real results from that relentless dedication."
At a time when nearly two-thirds of Americans believe the federal government should do more to combat climate change, Palmetto is doing its part to scale its solutions and services to create a future powered by clean energy. The capital will be used for team growth, focusing on R&D, software, data science and the buildout of customer services, supporting Palmetto's continued geographical expansion.