Chris Thompson

Amber raises $78.5m to supercharge its international leadership in battery automation

Amber, an Australian home battery automation company, has secured a Series E round led by Morgan Stanley's 1GT climate fund, with earlier backers taking part, to support local growth and European expansion.

Amber closes $78.5m Series E to push energy tech platform into European markets

Melbourne energy tech firm Amber has banked a $78.5m Series E led by Morgan Stanley-backed climate fund 1GT, with E.ON, ETF Partners and Innovation Victoria joining, to fund growth and European expansion.

Home battery automation champion raises $78.5 million towards local growth, global expansion

Energy retailer Amber has closed an oversubscribed $78.5 million round led by Morgan Stanley's 1GT fund, with existing backers participating, to add vehicle-to-grid capability and expand into Europe.

Also Business News Australia·Forbes Australia

Australian homes get Vehicle-to-Grid ready

ARENA's media release marks a milestone in its funded project with Amber Electric: the first vehicle-to-grid charger installed in an Australian home, which the agency frames as transformative for the power system.

Amber: Investment Notes

Virescent Ventures announces it has invested in Amber, an Australian retailer letting home battery owners buy and sell power at wholesale rates, citing its customer base and overseas utility partnerships.

Cheque-in: 8 ANZ startups banked $53.46 million in funding this week

Weekly roundup of eight Australian and New Zealand funding rounds totalling about $53.5 million, led by SwarmFarm Robotics' $30 million Series B for its farm robots.

Eight ANZ startups that raised $53.56 million this week

Funding roundup: eight trans-Tasman startups together secured $53.56 million, topped by SwarmFarm Robotics' Series B, with Amber, Javln, Enhance Labs, Indi, Wych, Lift Women and Ambra Spirits also raising capital.

Amber Electric secures $45m raise as Australia's home battery market surges

Amber has banked a $45 million Series D, headed by ETF Partners, to push its household energy platform into Europe, while a new federal battery rebate promises to widen its market.

Amber closes $45 million funding round

Amber, the home battery automation company, has banked a $45 million round led by ETF Partners alongside Square Peg, Gentrack, Rubio Impact Ventures and Breakthrough Victoria; co-founder Dan Adams talks growth and overseas licensing.

Also Startup Daily

Energy retailer Amber Electric powers up with Charge HQ app takeover

Amber Electric has bought EV charging app Charge HQ for an undisclosed price; the piece recalls the retailer's Series A, B and C raises from Gentrack, NRMA, Commonwealth Bank, Main Sequence and Square Peg.

Investment Update: Amber Electric

Breakthrough Victoria reports its $4.5 million investment in Amber Electric, a Melbourne energy software startup whose SmartShift technology optimises household electricity use, covering the company's Victorian impact, customers and hiring growth.

Startmate’s top 20 most valuable investments

A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.

Smart solar retailer Amber buys energy monitoring app Powerpal

Amber has acquired energy monitoring app Powerpal for $9.5 million. The article also recalls Amber's $13.4 million raise in October, which included NRMA among its investors.

2019 Year in Review

Square Peg's retrospective of 2019: five new portfolio companies, several large rounds it led or co-led, two acquisitions, two IPOs, new team members, and its capital deployed across new and follow-on deals.

Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany

Investment notes: Amber AU$2.5m Seed

Square Peg Capital's investment note explaining why it led energy retailer Amber's seed round, covering Amber's wholesale-priced electricity model, its founders' backgrounds, and the case for pass-through renewable energy pricing.