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News/Temasek Led Crypto Platform Amber Group’s US$200 Million Series B+ Fundraise
Temasek Led Crypto Platform Amber Group’s US$200 Million Series B+ Fundraise

Fintechnews-2022-02-23 15:11:10

Amber Group, a global digital asset platform, announced that it has secured US$200 million in a Series B+ round led by investment company Temasek, valuing the company at US$3 billion.



This is a significant follow-up to Amber Group’s US$100 million Series B round last year, bringing its total capital raised to US$328 million.



Existing shareholders including Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners, and Coinbase Ventures among others had also participated in the round.



The firm will be making key hires to support its institutional business in Europe and the Americas with the new funds.



Amber Group also plans to expand digital investing platform WhaleFin’s global footprint and advance OpenVerse, its creator-focused venture, which has a strong line-up of gaming studios, sports collectibles, digital artists and other partner brands.



Founded in 2017 and headquartered in Singapore, Amber Group has developed expertise in servicing both institutional and consumer markets with global operations across 12 cities.




Amber Group is experiencing tremendous global growth, with cumulative transaction volume surpassing US$1 trillion and assets under management growing to over US$5 billion since its inception.




The company has also extended its list of licenses after securing regulatory approvals from in-market financial authorities in Australia, the UK, Japan, and Switzerland.



Amber Group is now expanding into new markets around the world through regulatory licensing and strategic acquisitions, such as the company’s latest acquisition of Japanese crypto exchange, DeCurret.




Michael Wu, Amber Group’s Global Chief Executive Officer said,“This latest round of capital will bring Amber Group to the next level. We will cast our sights beyond business expansion and strategic acquisitions too, as part of our commitment to building a sustainable future for all.




We will continue to broaden our support of sustainability initiatives, with our recent partnership with the Whale and Dolphin Conservation (WDC) being only the start of this journey,”




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