Amber Group raises $200 million at a $3 billion valuation

The cryptocurrency platform Amber Group has attracted $200 million in a Series B+ funding round led by Singapore’s Temasek. Investors valued the company at $3 billion.

We are excited to announce our Series B+, which comes at a time of rapidly increasing crypto adoption globally. The investment reinforces Amber Group’s strategic alignment with its investors, as well as a shared vision of digital assets’ future in a new, digital economy. #wagmi pic.twitter.com/6EOHd1H8Gx

— Amber Group (@ambergroup_io) February 22, 2022

Participants in the round also included Sequoia China, Pantera Capital, Tiger Global Management, True Arrow Partners and Coinbase Ventures.

CEO Michael Wu said the funds raised will help meet institutional demand in Europe and the Americas. The firm will also continue to develop the WhaleFin app and the OpenVerse unit.

Founded in 2017, Amber Group offers a broad suite of products for institutional and retail investors: market-making services, trading services, investment tools and DeFi infrastructure.

Total assets under management by Amber Group exceed $5 billion. The company serves more than 1,000 institutional clients worldwide.

With the latest round, the company has raised a total of $328 million.

Earlier in February, Amber Group acquired the Japanese Bitcoin exchange DeCurret.

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