Funding and M&A Roundup: Home Electrification Company SPAN Raises $96 Million
ReNew Energy Subsidiary Raises $400 Million via Green Bonds
April 26, 2023
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SPAN, a smart electrical panel maker, has raised $96 million in a Series B2 funding round led by Wellington Management. The round also included participation from Congruent Ventures, Capricorn Investment Group, Qualcomm Ventures, Fifth Wall, Munich Re Ventures, A/O PropTech, Amazon’s Alexa Fund, and others. This brings the total funding raised by SPAN to $231 million since its inception in 2018.