Span, a San Francisco, CA-based company providing an electrical panel to intelligently monitor and control the clean energy home, secured an additional $20m in funding.
The round was led by Munich Re Ventures’ HSB Fund and joined by the Alexa Fund, with continued participation from existing investors.
Span, which began shipping the Span Smart Panel to customers in the summer of 2020, will use the funds to further expand its reach to homeowners and develop new product offerings.
Led by Arch Rao, founder and CEO, Span provides a Smart Panel with precise energy monitoring at the circuit level, real-time controls, and onboard intelligence. From insights into home energy use to customizable backup which extends home battery outage protection, Span delivers smart energy management, all accessible via an app.
The company is also announcing Alexa voice integration, providing customers a convenient way to interact with energy in their evolving smart homes. Soon, customers can use Alexa-enabled devices to turn on or off any circuit or appliance in their home, find out what energy source is providing power, or discover what appliance is using the most power. With linked accounts, customers can take actions like checking on their power usage by saying “Alexa, ask Span what is consuming the most power right now.”
FinSMEs
26/01/2021