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Amber Electric, Profound's $180M & the Grid Software Repricing
Audio is available on Spreaker — see link below.
Morgan Stanley backs a home-battery software company alongside E.ON, Profound closes a $180M Series D, and European AI funding hits €3B in a single week. Today's briefing covers the deals, patterns, and proof points that matter most for founders and investors.
Audio is available on Spreaker — see link below.
Amber Electric just closed a forty-nine million euro Series E, and the money isn't the most significant part. Morgan Stanley led the round.
On the US side, the other headline is Profound, the AI marketing platform, raising one hundred and eighty million dollars in a Series D led by Sequoia and Kleiner Perkins. Total equity now sits at three hundred and thirty-five million.
In Europe, the broader picture shifted this week. AI funding hit three billion euros in a single week across seventy-plus deals, with the UK, Italy, and Spain leading by country.
Paymob's thirty-five million dollar pre-Series C is the story to watch in emerging markets. The Cairo-based fintech serves three hundred and ninety thousand merchants across MENA, holds a UAE retail payments license secured in early twenty twenty-five, and has added twenty thousand merchants across three GCC markets since.
The financing story this week cuts across several deals and it's worth naming directly. Spiro added eighteen million dollars in debt, doubling the Africa Go Green Fund's commitment, to support its battery-swapping network of one hundred and thirty-five thousand motorcycles across two-and-a-half thousand swap stations.
Metris Energy, a four-point-three-five million euro seed round, manages ten thousand solar plants and five hundred megawatts of capacity. Revenue grew eightfold year over year.
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