Amber Group, a Hong Kong-based cryptocurrency financial services firm, has raised $100 million in a Series B round led by investment bank China Renaissance.
Other high-profile backers, including Tiger Global Management, DCM Venture, and existing investors Coinbase and Pantera Capital, participated in the round, which saw Amber Group reach the unicorn status with a pre-money valuation of $1 billion.
The latest valuation is ten times that of the startup’s $28 million Series A financing round in February 2020.
Founded by a team of former Morgan Stanley traders, Amber Group operates in Hong Kong, Taipei, Seoul, and Vancouver. The firm plans to use the fresh capital to hire new talent and expand its geographic reach across the globe.
Initially, Amber Group worked on a technology that applied machine learning algorithms to quantitative trading. The firm turned its sights to digital assets in 2017, when the price of Bitcoin reached $20,000 for the first time, spurring the overall m
Źródło: https://decrypt.co/74089/crypto-firm-amber-group-hits-unicorn-status-latest-100m-funding
