Funding round
Amber Group Series B
Amber Group, which works in digital asset wealth management services in Singapore, raised $200M in a Series B round announced on 25 Feb 2022, led by Temasek, at a $3.00B post-money valuation. 12 firms took part. It is Amber Group's second venture round on record; the one before was a Series A in Jan 2019.
$200M
Amount raised
$3.00B
Post-money valuation
$2.80B pre-money
12
Investors
1 lead
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Amber Group at $3.00B after the new money. The $200M bought investors about 6.7% of the company. It came 37 months after Amber Group's Series A. It is 38% of the $528M Amber Group has raised in the venture rounds on record. Amber Group raised again 10 months later: a Series C round of $300M in Dec 2022, at $3.00B post-money.
Investors
Who put money in
Temasek led the round with 11 other firms.
Lead investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- HSG backs 118 venture-backed companies new investor
- backs 99 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- Tru Arrow Partners new investor
- Coinbase Ventures new investor
- Blockchain.com Ventures new investor
- DCM new investor
- backs 86 venture-backed companies new investor
- Future Perfect Ventures new investor
- Paradigm backs 82 venture-backed companies new investor
- Primetime Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
20 Series B rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $28M, and this round was 7.3 times the median. The closest in time, other companies' Series B rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 15 Feb 2022 | $64M | not disclosed | WestCap |
| Investment Consultants & Financial Advisors | 16 Mar 2022 | $88M | not disclosed | Animoca Brands and Liberty City Ventures |
| Investment Consultants & Financial Advisors | 5 Jan 2022 | $40M | not disclosed | Advance Venture Partners |
| Investment Consultants & Financial Advisors | 6 Apr 2022 | $53M | not disclosed | BMO and Contour Venture Partners |
| Investment Consultants & Financial Advisors | 2 Nov 2021 | $39M | $216M | Sequoia Capital |
| Investment Consultants & Financial Advisors | 17 Nov 2021 | $26M | not disclosed | The Artemis Fund |
| Investment Consultants & Financial Advisors | 5 Nov 2021 | $19M | not disclosed | Kayne Anderson |
| Investment Consultants & Financial Advisors | 16 Jun 2022 | $50M | not disclosed | Wa'ed Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Amber Group raise in its Series B round?
Amber Group raised $200M in its Series B round, announced in Feb 2022.
Who led Amber Group's Series B round?
Temasek led it, with HSG, Pantera, Tiger Global, Tru Arrow Partners and Coinbase Ventures and 6 more.
What was Amber Group's valuation at the Series B round?
$3.00B post-money ($2.80B pre-money).
How does it compare with other Series B rounds in Investment Consultants & Financial Advisors?
20 Series B rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $28M, and this round was 7.3 times the median.
Did Amber Group raise again after this round?
Yes: a Series C round in Dec 2022 of $300M at $3.00B post-money.