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Hong Kong-based crypto trading and technology firm Amber Group on Sunday announced it has raised $100 million in a Series B round of financing led by private equity firm China Renaissance.

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HK crypto trader Amber becomes unicorn after $100m Series B round

Firm with over 300 employees in Hong Kong, Taipei, Seoul and Vancouver now plans to expand。

FORMER MORGAN STANLEY TRADERS RAISE $100M TO TURN CRYPTO STARTUP INTO UNICORN

More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an investable asset, despite the recent massive price drops of a few major cryptocurrencies. 

Crypto finance startup Amber Group raises $100M at $1B valuation

Despite the recent price drawbacks in bitcoin, ether, and other digital assets, the minting of crypto’s latest unicorn, Amber Group, proves that institutional interest in the emerging asset class is alive and well. 

Coinbase-Backed Platform Raises $100 Million To Become Latest Crypto Unicorn

The crypto financial services firm said it plans to use the funding to expand its global operations.

Amber Group Valued at $1B in $100M Funding Round

Forkast.News speaks with Michael Wu, Amber Group’s co-founder and CEO, on how the crypto firm is going from $100 million to $1 billion in valuation.

Asia’s newest unicorn, crypto trading firm Amber Group, raises $100 million

Crypto startup Amber Group has hit a $1 billion valuation after a $100 million fundraising round.
Famed hedge fund Tiger Global injected cash, as did Chinese bank China Renaissance.
It's the latest sign of institutional interest in crypto startups, which continues despite bitcoin's crash.

Crypto startup Amber Group hits $1 billion valuation on fresh fundraising, as famed hedge fund Tiger Global joins Coinbase as backer

Now valued at $1 billion, the Coinbase-backed crypto trading firm will use the newly acquired funds to expand its global operations and hire more employees.

In the News

Crypto startup Amber Group raises $530 million AUM as institutions, retail arrive