Congruent Ventures-backed Span has collected $20m in fresh financing from a consortium led by Munich Re Ventures’ HSB Fund.
Span, a US-based smart fuse box technology developer backed by University of California-linked venture firm Congruent Ventures, obtained $20m in funding led by HSB Fund.
Alexa Fund, operated by e-commerce and internet group Amazon, also took part, as did unnamed, existing shareholders.
HSB Fund is one of three vehicles managed by Munich Re Ventures, the corporate venturing arm of reinsurance group Munich Re. The fund specifically invests on behalf of Munich Re’s specialty reinsurance subsidiary Hartford Steam Boiler.
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.