Bloomberg: Amber Group is raising over $100 million at a valuation of $3 billion

ChainCatcher news, Bloomberg reports citing anonymous sources that the crypto financial services platform Amber Group is raising over $100 million at a valuation of $3 billion. The company's valuation was $3 billion in February, when it raised $200 million, led by the sovereign wealth fund Temasek, with participation from Sequoia China, Pantera Capital, Tiger Global Management, True Arrow Partners, and Coinbase Ventures.

According to other reports, Amber initially attempted to raise funds at a higher valuation of $5 billion to $8 billion, but due to the general downturn in the crypto market, these funds did not materialize. Insiders revealed that the new financing is being completed in multiple parts, with about half of the $100 million already secured. The company plans to complete one or two additional financing deals by the end of this year or early 2023. (source link)