Home Electrification Company SPAN Raises $96 Million
The company plans to use the new capital to accelerate its research and development capabilities.
April 25, 2023
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SPAN, a manufacturer of smart electrical panels for integrated home electrification that provides circuit-level management, real-time monitoring, and actionable energy insights for customers, has raised $96 million in a Series B2 funding round led by Wellington Management. The funding round also saw participation from Congruent Ventures, Capricorn Investment Group, Qualcomm Ventures, Fifth Wall, Munich Re Ventures, A/O PropTech, Amazon’s Alexa Fund, and others.
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Sohini Aich
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