TechFlow news — Amber Group announced via its official Twitter that it has completed a $300 million Series C funding round, led by Fenbushi Capital US, with participation from other crypto-native investors and family offices.
Amber Group stated that prior to the FTX collapse, it raised a Series B+ round at a $3 billion valuation to prepare for a potentially prolonged crypto winter. Following the FTX collapse, it continued raising its Series C round. With investor support, its top priority for 2023 is focusing on core operations and clients.
Earlier on December 9, the Financial Times reported that Amber Group said it had raised approximately $50 million from a new sovereign fund, with the deal expected to be announced in January next year. The new capital values the company at $3 billion, unchanged from February’s valuation.Source link
