Crypto Trading Firm Amber Seeks $100 Million in Fresh Funding at ‘Flat’ Valuation
- The Singapore-based company is raising at a $3 billion value
- The company previoulys aimed to raise at $10 billion valuation
A worker inspects Bitcoin mining machines.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
The crypto market downturn has served as a major reality check for startups looking to secure new cash.
Digital-asset trading platform Amber Group is in the process of raising a little over $100 million in fresh funding at a $3 billion valuation, according to a person familiar with the matter. The Singapore-based startup had the same valuation in its most recent $200 million fundraise in February, which included Temasek Holdings Pte and Tiger Global Management as investors.