Crypto Startup Amber Group Hits $1B Valuation On Fresh Fundraising, As Famed Hedge Fund Tiger Global Joins Coinbase As Backer | Currency News | Financial And Business News | Markets Insider
Amber Group's $100 million fundraising round is the latest sign of institutional interest in crypto startups. : Crypto investment startup Amber Group has hit a $1 billion valuation after a $100 million fundraising round that saw famed hedge fund Tiger Global Management invest in the Coinbase-backed company. The round was led by Chinese bank China Renaissance, while Tiger Brokers, Arena Holdings and DCM Ventures also injected money, Hong Kong-based Amber Group said on Sunday. Amber Group is now worth more than 10 times what it was in 2019, when the company raised $28 million at a $100 million valuation.
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