What is Span?
Span is a technology-driven enterprise specializing in smart electrical panels that provide homeowners with granular, real-time energy insights and control. By replacing traditional, static electrical panels with intelligent, connected hardware, Span enables seamless management of home energy consumption, solar generation, and battery storage. The company's platform is designed to serve a diverse ecosystem, including homeowners, HVAC installers, and utility providers, facilitating a more efficient and resilient electrical grid. Through its intuitive mobile application and robust hardware architecture, Span is effectively bridging the gap between legacy electrical infrastructure and the demands of the modern, decarbonized home.
How much funding has Span raised?
Span has raised a total of $216.2M across 4 funding rounds:
Series A
$10.2M
Private Equity
$20M
Series B
$90M
Other Financing Round
$96M
Series A (2020): $10.2M with participation from Incite Ventures, ArcTern Ventures, and Capricorn Investment Group
Private Equity (2021): $20M led by Munich Re Ventures LLC
Series B (2022): $90M supported by Wellington Management
Other Financing Round (2023): $96M featuring Congruent Ventures, Wellington Management, Qualcomm Ventures, Capricorn Investment Group, and Fifth Wall
Key Investors in Span
Capricorn Investment Group
A Palo Alto-based investment firm managing diversified portfolios with a primary focus on sustainable, climate-positive, and impact-driven ventures.
Wellington Management
A global, independent investment management firm providing institutional clients with research-driven solutions across equities, fixed income, and alternative strategies.
Fifth Wall
The largest venture capital firm dedicated to the global real estate industry, connecting property technology innovators with major real estate owners and operators.
What's next for Span?
With the support of its latest capital infusion, Span is well-positioned to scale its operations and deepen its market penetration within the residential energy sector. The company's strategic roadmap likely involves expanding its product ecosystem to further integrate with emerging smart home technologies and utility-scale demand response programs. As the global push for electrification intensifies, Span's ability to provide actionable energy data and load management will be pivotal in helping consumers optimize their energy usage and reduce costs. The firm's focus on interoperability and safety ensures it remains a preferred partner for builders and installers navigating the complexities of the energy transition.
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