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.