Funding round
Amber Group Series A
Amber Group, which works in digital asset wealth management services in Singapore, raised $28M in a Series A round announced on 1 Jan 2019. 1 firm took part. It is Amber Group's first venture round on record.
$28M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Amber Group did not disclose a valuation in this round. It is Amber Group's first venture round on record, 2 years after it was founded in 2017. It is 5.3% of the $528M Amber Group has raised in the venture rounds on record. Amber Group raised again 37 months later: a Series B round of $200M in Feb 2022, at $3.00B post-money.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Coinbase Ventures new investor
Comparable rounds
How it compares
23 Series A rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $6.0M, and this round was 4.7 times the median. The closest in time, other companies' Series A rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 23 Jan 2019 | $3.2M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 12 Feb 2019 | $8.0M | not disclosed | Sequoia India |
| Investment Consultants & Financial Advisors | 28 Mar 2019 | $33M | not disclosed | Rethink Impact and PSP Partners |
| Investment Consultants & Financial Advisors | 16 Apr 2019 | $4.5M | not disclosed | Eight Roads |
| Investment Consultants & Financial Advisors | 22 Oct 2018 | $2.0M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 10 Sep 2018 | $33M | not disclosed | Warburg Pincus |
| Investment Consultants & Financial Advisors | 7 Sep 2018 | $5.1M | not disclosed | Dunamu & Partners |
| Investment Consultants & Financial Advisors | 7 May 2019 | undisclosed | not disclosed | East Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Amber Group raise in its Series A round?
Amber Group raised $28M in its Series A round, announced in Jan 2019.
Which investors took part in Amber Group's Series A round?
Coinbase Ventures.
What was Amber Group's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Investment Consultants & Financial Advisors?
23 Series A rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $6.0M, and this round was 4.7 times the median.
Did Amber Group raise again after this round?
Yes: a Series B round in Feb 2022 of $200M at $3.00B post-money.