What is amber group?

Amber Group offers platforms for cryptocurrency trading and investments using digital assets. The startup said it has processed more than $1 trillion worth of crypto transactions cumulatively and manages over $5 billion in digital assets.

How did amber group raise $100 million?

Crypto financial services firm Amber Group has raised $100 million in a Series B round led by Chinese investment firm China Renaissance. The firm scored a pre-money valuation of $1 billion, Amber said Sunday. With operations in Hong Kong, Taipei, Seoul and Vancouver, Amber Group said it plans to use the funding to expand its global operations.

What is amber group's pre-money valuation?

Amber Group, a Hong Kong-based cryptocurrency trading startup, said on Monday it has raised $100 million in a Series B funding round at a pre-money valuation of $1 billion. The latest valuation is 10 times that of the company’s Series A closed in 2019, a $28 million round that counted Coinbase Ventures as one of its investors.

Is amber group a unicorn?

Amber Group achieved the unicorn status last June. Amber Group has raised $200 million in a fundraising round led by Singapore’s state-owned investment firm Temasek, boosting the valuation of the cryptocurrency financial services firm to $3 billion. It was valued at $1 billion about seven months ago.