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 leverage this latest investment to further expand its reach to homeowners and develop new product offerings.

Span reinvented the electrical panel so people can intelligently monitor and control their home energy, making it easier to power their lives conveniently and sustainably. Span's mission is to accelerate the adoption of clean energy upgrades for the home, including solar, batteries, and electric vehicles. Span is backed by leading investors in the clean energy and home services space, including Amazon Alexa Fund, ArcTern Ventures, Capricorn Investment Group, Congruent Ventures, Energy Foundry, Hardware Club, Incite Ventures, Munich Re Ventures, Ulu Ventures, Wells Fargo Strategic Capital, Wireframe Ventures, and 1/0 Capital.