Crypto Firm Amber Gets Temasek Funding at $3 Billion Value
- Existing investors including Sequoia also took part in round
- Amber will use proceeds for hiring in Americas, Europe
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Singaporean state investment firm Temasek Holdings Pte was among investors in a funding round that valued cryptocurrency-trading platform Amber Group at $3 billion, just weeks after the city-state cracked down on marketing by crypto firms.
Existing shareholders including Sequoia China, Pantera Capital and Tiger Global Management also took part in the $200 million financing, Singapore-based Amber said in a statement Tuesday. The company, founded in 2018 by five former Morgan Stanley traders, has seen its valuation triple since mid-2021.