Fundz

Energy retailer Amber recharges with $29 million Series C

PRIVATEFeb 01, 2024

Amount Raised

$29 Million

Round Type

Series C

MelbourneRenewable Energy

Investors

Main SequenceSquare PegAlbertsNrmaCommonwealth BankRubio Impact VenturesGentrack

Description

Energy retailer Amber Electric has raised $29 million in a Series C round led by billing and CRM provider Gentrack, with a strategic partnership to bundle its billing and customer care with Amber's battery and EV automation software. Rubio Impact Ventures, along with existing investors the Commonwealth Bank, NRMA, and VC funds Alberts, Square Peg, and Main Sequence, also joined the round.

Who else raised in Renewable Energy around the same time

Companies in the same sectors as Amber Electric that raised within 45 days of this round, from Fundz verified event records.

  • Pure Lithium Corp raised $15M (Series A) on March 15, 2024.
  • Niko Energy raised $3.3M (Seed) on March 14, 2024.
  • phelas raised $4.5M (Seed) on March 13, 2024.
  • Eguana Technologies raised $220K (Pre-Seed) on March 12, 2024.
  • Reformed Energy raised an undisclosed amount (Seed) on March 12, 2024.
  • Li Cycle raised $75M (Corporate Round) on March 12, 2024.

Who to call at Amber Electric, and when

A new round usually means Amber Electric is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Amber Electric

Location

Melbourne, Victoria, Australia

About

Founded in 2017 by Chris Thompson and Dan Adams, Amber gives customers dynamic power prices that change depending on the real wholesale value of energy. Customers can pay less by charging your battery when energy is greener and cheaper as well as earn more by exporting when prices increase. Combined with Amber's smart tech, solar and battery owners have the power to supercharge their savings, take control of their battery and make their energy work harder for them. Amber is backed by some of Australia’s best accelerators and investors, including EnergyLab (Australia’s leading energy accelerator) and Startmate (Australia’s leading tech accelerator). Investors include Blackbird, Square Peg, Main Sequence, Commonwealth Bank and Black Sheep Capital. The company has won Startup Vic’s Impact Pitch Night, for the best startup focused on making a positive social impact and been named Victorian Start-up of the Year.

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Related People

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Verified contactsChristopher, Founder hiddenSee plans and pricing
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Amber Electric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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