Morgan Stanley Investment Management announced that its 1GT private climate equity strategy led a €49 million Series E financing round for Amber Electric, an energy flexibility platform that enables customers to optimize how they store and use energy at home. The funding will support the company’s continued growth and expansion in Europe, following a recent partnership with E.ON, one of the UK’s largest energy suppliers, which also participated in the latest round.
Founded in Melbourne in 2017 by Chris Thompson and Dan Adams, Amber acts as an energy retailer serving Australian households directly and holds more than 50% market share of automated batteries, making it the country’s largest battery automation provider. Amber’s Distributed Energy Resources platform enables households to access wholesale energy pricing through real-time optimization of their storage and generation assets. Amber’s SmartShift technology combines forecasts of wholesale energy prices with household solar production and consumption data in real time to maximize customer earnings.
By optimizing distributed energy resources, including rooftop solar, residential batteries, and electric vehicles, while enabling access to wholesale energy markets, Amber aims to improve grid efficiency, integrate renewable energy, and reduce reliance on fossil fuel-based generation. The investment brings dedicated growth capital, expertise across the energy transition ecosystem, and a strategic partnership for Amber’s next phase of growth, addressing rising demand for solutions that help consumers, utilities, and power systems better manage distributed energy resources at scale.
Morgan Stanley’s 1GT strategy invests in growth companies delivering climate solutions across Power, Mobility, Food & Agriculture, and Circularity themes. Morgan Stanley Investment Management has more than 1,300 investment professionals and $2 trillion in assets under management or supervision as of June 30, 2026.
KEY QUOTES:
“We believe Amber will play a consequential role in enabling the energy transition in Australia, Europe and beyond. As power systems become increasingly decentralized, energy flexibility and household-level engagement are essential to integrating renewable energy at scale. The combination of Amber’s differentiated technology, strong customer value proposition and relentless focus on innovation and excellence has set the Company on a compelling growth journey.”
Vikram Raju, Head of Climate Private Equity Investing, Morgan Stanley Investment Management and 1GT
“We’ve built a leading energy automation platform in Australia, and this investment gives us the backing to build on that leadership globally. As energy systems become increasingly decentralized, we see a significant opportunity to help utilities unlock the flexibility of distributed energy resources at scale, while helping more households get greater value from the energy assets they already own.”
Chris Thompson, Co-Founder, Amber Electric
W4 Games Raises $18 Million Series B Led By Tencent To Expand Godot Engine Enterprise Business
W4 Games, the company building enterprise technology and support for the open-source Godot Engine, has raised $18 million in Series B funding to expand its international team by 50%, accelerate development of its enterprise offering, and support growing demand from enterprise developers using Godot. The round was led by Tencent, with support from OSS Capital, Lux Capital, Naval Ravikant, and Tobias Lutke’s family office, bringing W4 Games’ total funding to date to $33 million.
W4 Games has also signed a multi-year strategic partnership with Tencent to help scale its business and the Godot ecosystem in Asia. Under the agreement, the companies will work together to expand the reach of Godot Engine among enterprises, video game studios, and developers in Asia, including go-to-market initiatives, localization, ecosystem support, advocacy, and market development.
Godot Engine has emerged as a leading open-source alternative to proprietary video game engines. According to SteamDB, the number of Godot games published on Steam grew by more than 50% year-on-year in both 2024 and 2025. Analysis of Gamalytic data by W4 Games shows the number of Godot games generating more than $1 million in annual sales has risen from two to more than 50 over the last three years. At Game Jam events including Global Game Jam and GMTK Game Jam, Godot’s share of submitted games has grown from 10% to 50% since 2022.
W4 Games was founded by core Godot developers and contributors to bring Godot Engine to the enterprise market, providing tools, support, and services for studios of all sizes. Wherever possible, improvements developed through its enterprise work are contributed upstream to Godot, benefiting the wider developer community.
KEY QUOTES:
“This collaboration with Tencent marks an important next step for W4 Games as we expand globally and bring Godot to more studios and developers. With Tencent as both a strategic partner and an investor, we have an opportunity to accelerate the adoption of enterprise-ready Godot technologies, particularly in Asia, while continuing to strengthen the open-source ecosystem that sits at the heart of everything we do.”
Nicola Farronato, Co-CEO, W4 Games
“Over the past few years, Godot has emerged as one of the world’s fastest-growing game engine technologies, with W4 Games at the forefront of its adoption by major studios and enterprises. We’re excited to work with Tencent to build on the momentum and further establish Godot Engine as a leading platform for companies creating the next generation of video games.”
Juan Linietsky, Godot Engine Creator and Founder, W4 Games
