Corporate / CVC · 1 deal
Every published round E.ON Next took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Amber Electric | Series A | 30 Sep 2025 | $10m | Lead | Breakthrough Victoria, SmartCompany (Fri 3 Oct 2025), SmartCompany (Wed 1 Oct 2025), Startup Daily (Tue 30 Sep 2025), RenewEconomy, Startup Daily (Wed 4 Jun 2025), Startup Daily (Tue 28 Jan 2025), Startup Daily (Thu 1 Feb 2024) |
Companies E.ON Next has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Amber Electric | 30 Sep 2025, Series A | 1 | 1 |
Fund closes reported for E.ON Next, as distinct from the investments it has made.
Companies E.ON Next has backed that another company then bought. An exit for the holding, not a deal E.ON Next did.
| Name | Role | Sources |
|---|---|---|
| Chris Norbury | Chief Executive | SmartCompany, Startup Daily, RenewEconomy |
Stories naming E.ON Next. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
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·Dealroom·Forbes Australia·Cut Through Venture·Startup Daily·This Week in Australian Startups·Dynamic Business
Breakthrough Victoria rounds up April–May 2026 portfolio news, including grants for Number 8 Bio and Xefco, Liquid Instruments' Series C, program selections, partnerships, regulatory clearances and two new Aravax directors.
Breakthrough Victoria's CEO reviews its 2024/25 year: growing capital base, strong co-investment leverage, portfolio milestones including Amber's $10m raise, first fellows awarded, and projected economic impact ahead.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·RenewEconomy
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.
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.
Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.