Span.IO

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Smart Homes: Energy & Water Solutions?
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Go-to-Market
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Home energy monitoring and management
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Span.IO, Inc., now known as SPAN, is a leading innovator in home electrification technology. The company reinvented the traditional electrical panel to create the SPAN smart electrical panel, which enables homeowners to adopt solar energy, battery backup systems, electric vehicles, and electric home appliances. SPAN Panel provides circuit-level management, real-time monitoring, and actionable energy insights through an intuitive app interface. Designed with hardware innovation and intelligent software, the SPAN Panel and SPAN Drive electric vehicle charger offer an efficient and integrated solution for any home.

SPAN's flagship product, the SPAN Panel, celebrated wins for "Best Home Technology Product" and "Best Energy Efficient Product" at the NAHB International Builders' Show 2022. Fast Company also named SPAN one of their "World's Most Innovative Companies" in 2022. As of March 2022, the company had grown to a team of over 220 employees and had panels installed in over 36 states and Puerto Rico.

In April 2023, SPAN raised USD 96 million in a Series B2 funding round, bringing its total funding to USD 231 million. The company plans to use this capital to further its leadership in home electrification by accelerating research and development capabilities, expanding partnerships with major home appliance brands and solar providers, and building a state-of-the-art R&D facility near its San Francisco headquarters. SPAN aims to electrify 10 million US homes by 2030, aided by incentives from the Inflation Reduction Act. In 2022, the company's revenue grew nearly 600%, with nearly 80% of SPAN product owners adopting clean energy and home electrification products.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1436 Howard St, #201 San Francisco CA USA
Founded year:
2018
Employees:
101-250
IPO status:
Private
Total funding:
USD 229.8 mn
Last Funding:
USD 96.0 mn (Series B; Mar 2023)
Last valuation:
USD 600.0 mn (Mar 2023)
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