Cryptocurrency firm Amber gets funding from Singapore’s Temasek at US$3 billion valuation

Feb 22, 2022 | INVESTING

Singapore state investment firm Temasek Holdings was among investors in a funding round that valued cryptocurrency-trading platform Amber Group at US$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 US$200 million financing, Singapore-based Amber said in a statement on Tuesday.The company, founded in 2018 by five former Morgan Stanley traders,…

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