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Crypto Trading Platform Amber Group Surpasses $3B Valuation with Latest Raise
Amber Group has raised a total of $328 million to date The company has over $5 billion in assets under management Crypto trading platform Amber Group has raised a $200 million round, which the company has earmarked for hiring and product expansions. The Series B+ round, which values the company at more than $3 billion, could also be used for acquisitions, CEO Michael Wu said in a statement. The capital raise follows its $100 million Series B in June 2021, bringing the company's total fundraising total to $328 million. Investment firm Temasek led…
Crypto Trading Platform Amber Group Surpasses $3B Valuation with Latest Raise
- Die Amber Group hat bisher insgesamt 328 Millionen US-Dollar aufgebracht
- Das Unternehmen verwaltet ein Vermögen von über 5 Milliarden US-Dollar
Crypto trading platform Amber Group has raised a $200 million round that the company has earmarked for hiring and product expansions.
The Series B+ round, which values the company at more than $3 billion, could also be used for acquisitions, CEO Michael Wu said in a statement.
The capital raise follows its $100 million Series B in June 2021, bringing the company's total fundraising total to $328 million.
Investment firm Temasek led the latest round with participation from existing investors such as Coinbase Ventures, Pantera Capital, Sequoia China, Tiger Global Management and Tru Arrow Partners.
The funds will be used to hire employees in Europe and America; expand its consumer app WhaleFin globally; and growing his creator-focused company OpenVerse.
The Singapore-based company was founded in 2017 and works with over 1,000 clients in institutional and consumer markets. It offers algorithmic execution, electronic and over-the-counter market making derivatives, structured products and advisory services.
Since inception, Amber Group's cumulative transaction volume has exceeded $1 trillion, and the company has over $5 billion in assets under management.
“Digital assets have radically changed the concept of ownership and value in the global economy and are redefining the way we live outside of the financial ecosystem,” Wu said. “We want to help create a digital future in which digital assets give people the power and choice to shape a better world for everyone.”
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The post Crypto Trading Platform Amber Group Darkens $3B Valuation With Latest Raise is not financial advice.