Main Sequence Ventures-backed Amber has closed a $15.5m series B round led by Commonwealth Bank.
Amber, an Australia-based electricity retailer backed by Main Sequence Ventures, has completed a A$20m ($15.5m) series B round led by Commonwealth Bank.
The financial services firm has also entered into a strategic partnership with the company to offer its energy products to Commonwealth Bank’s clients.
Amber sells electricity to users at wholesale prices. Consumers pay a fixed monthly subscription fee to access the service, with Amber taking no cut from the electricity costs.
Main Sequence Ventures, the…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
