Palihapitiya’s Social Capital Leads $375 Million Palmetto Round
- Investment is Social Capital’s largest single deal yet
- Palmetto is already looking at options for future funding
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Palmetto Clean Technology, a home solar and energy company, raised about $375 million in a funding round led by Chamath Palihapitiya’s Social Capital.
Social Capital invested about $220 million in the round, which closed last year. That’s the firm’s biggest single investment, Palihapitiya said in an interview Thursday. The fundraising values Palmetto at more than $1 billion, according to people familiar with the transaction, who asked not to be identified as the details aren’t public.