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The Silicon Review Asia

Amber Group Valued at $1 Billion after $100M Series B Funding

Amber Group Valued at $1 Billion after $100M Series B Funding

Hong Kong-based crypto trading and tech firm Amber Group has raised $100 million in its Series B funding round. The investment poured in from China Renaissance Group, Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Ventures, Gobi Partners, as well as existing investors Pantera Capital, Coinbase Ventures, and Blockchain.com. The round had the participation of investors in the crypto circles including Bit Digital, Digital Finance Group, Fenbushi Capital, Math Wallet, SNZ Capital, Continue Capital, and Mr. Zhao Qingsun.

“With this new capital from strategic investors, Amber Group will continue to expand global operations to meet client demand and develop market solutions for the world’s leading crypto investors and companies,” said Michael Wu, Co-Founder, and CEO of Amber Group.

The funding comes at a crucial time when Amber Group is expanding its operations globally to bring its crypto finance offerings to more regions. The company was founded in 2017 and has presence in Hong Kong, Taipei, Seoul, and Vancouver. It offers clients services including principal algorithmic trading, electronic market-making, high-frequency trading, OTC trading, borrowing and lending, derivatives, and other structured products. 

 

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