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…
