Span.IO Raises $90M in Series B Funding
Summary
The round, which brings total funding to date to $134m, was led by Fifth Wall Climate Tech and Wellington Management with participation from Angeleno Group, Robert Downey Jr.’s FootPrint Coalition, Van Jones’ Obsidian Investment Partners, A/O PropTech, and all of the existing board investors. The company will use the new funding to continue developing its home suite of energy products and solutions to drive commercial growth. Led by Arch Rao, CEO and founder, Span provides a smart electric panel which allows for advanced levels of monitoring and intelligence that make electrifying and decarbonizing easier. Purpose-built for functionality and durability, the SPAN Panel, Meter Panel, and SPAN Drive electric vehicle charger all allow for integrated solutions for any home. The company is also adding to its senior leadership team with the recent additions of Ryan Harris joining as Chief Revenue Officer, and Laks Venkatesan joining as SVP of Finance.