Span
Span Raises $231M in Series C
Quick Facts
Span Raises $231M in Series C
Span has successfully raised $231M in a Series C at a $1B valuation led by 5335 Capital, Capricorn Investment Group, Montage Ventures, BlackRock.
Company Overview
Span is a Home Energy company headquartered in 645 Harrison Street, San Francisco, CA 94107, founded in 2018 with 300+ employees.
Smart electrical panels for homes
Fundraising Details
- Amount Raised: $231M
- Round Type: Series C
- Valuation: $1B
- Date: 2024-04-24
- Investors: 5335 Capital, Capricorn Investment Group, Montage Ventures, BlackRock
About Span
Smart electrical panels for homes The company is positioned in the Home Energy sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 645 Harrison Street, San Francisco, CA 94107
- Founded: 2018
- Team Size: 300+
- Industry: Home Energy
What This Means
This funding round demonstrates strong investor confidence in Span's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Home Energy sector continues to attract significant investment as companies innovate to meet evolving market demands. Span's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Span, positioning the company among notable players in the Home Energy industry.
Looking Ahead
With this new capital, Span is well-positioned to execute on its growth strategy and continue building innovative solutions in the Home Energy space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-04-24. For more information about Span, visit their headquarters at 645 Harrison Street, San Francisco, CA 94107.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.