Amber Group portfolio breakdown
I recently spoke to a venture capitalist who works for Amber Group. He goes by the name of Austin Munoz, very intellectual guy who had some fantastic points about the direction of the digital asset economy and Amber Group. In this blog post we break down Amber Group, a leading global crypto venture capital firm out of Singapore. The company offers world-class technology infrastructure and research capabilities to help institutional clients manage digital assets such as crypto market making, trading, earning yield, managing risk, and providing liquidity, creating wealth for clients of all sizes. The firm was founded in 2017 by Michael Wu who is co-founder and CEO of Amber Group. In this blog post we will go over some recent news about Amber Group, some investments the company has made, and what companies pouring funds into the firm.
Recent news about amber group
- Singapore Crypto Firm Amber Group Hits $3 Billion Valuation In Funding Round Led By Temasek
Amber Group has raised $200 million in a fundraising round led by Singapore’s state-owned investment firm Temasek, boosting the valuation of the cryptocurrency financial services firm to $3 billion. Other investors include existing shareholders Sequoia China, Tiger Global Management, the venture capital arm of crypto exchange Coinbase, as well as Pantera Capital, a crypto hedge fund founded by a former Tiger Management executive, according to a company statement issued recently.
- Amber Group Announces Q3 2022 Launch Of Openverse, The Gateway Into The Metaverse
Openverse serves as a gateway to the metaverse, empowering Web2 creators, brands and businesses with tools and services to transition into Web3. Openverse is designed to be a Web3 enablement platform, supported by leading real-time 3D rendering technology to create an experiential digital world for all users.
This will include Amber Group in the race to build the metaverse competing with companies like sony, facebook and many more. This is fantastic as the metaverse is projected to be a trillion dollar market by 2030.
Amber Group has made 18 investments. Their most recent investment was on May 18, 2022, when Pine Protocol raised$1.5M.
- Investments made over time
- Which industries has this organization most actively invested in
amber group has invested into several organizations here are their top three investments by money raised (some aren't amber groups lead investments).
Decentralized exchange aggregator 1inch Network has concluded a sizable Series B investment round, raising $175 million as part of a broader effort to expand protocol utility and increase access to liquidity within the decentralized finance, or DeFi, market. 1inch (1INCH) is an Ethereum token that powers 1inch, a decentralized exchange that aims to offer the “best rates by discovering the most efficient swapping routes across all leading DEXes.” Decentralized exchanges (a.k.a. DEXes) like 1inch enable users to transact tokens without an intermediary.
- NEAR Protocol
The team behind the sharded Near blockchain protocol, a proof-of-stake (PoS) network, has raised $150 million in capital in a recent finance round led by Three-Arrows Capital. According to the funding announcement, Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime, Folius, Amber Group, 6th Man Ventures, Circle Ventures, and Metaweb.vc also participated. amber group is not a lead investor in the Near blockchain protocol. NEAR Protocol is a decentralized application (dApp) platform and Ethereum competitor that focuses on developer and user-friendliness. Its native NEAR tokens are used to pay for transaction fees and storage on the Near crypto platform.
Zero-knowledge proofs took a step forward Thursday with a $92 million token sale to accelerate adoption for the Mina protocol.
The round was led by FTX Ventures and Three Arrows Capital, with the raise representing FTX Venture’s first investment in a zero-knowledge project. Other participants include Alan Howard, Amber Group, Blockchain.com, Brevan Howard, Circle Ventures, Finality Capital Partners and Pantera. Mina Protocol’s native cryptocurrency, MINA, is used to facilitate network transactions and distribute fees between users.
Amber Group has raised a total of $328M in funding over 3 rounds. Their latest funding was raised on Feb 21, 2022 from a Series B round.
- Which funding types raised the most money?
- How much funding has this organization raised over time?
Amber Group is funded by 24 investors. Temasek Holdings and Tru Arrow Partners are the most recent investors.
Which investors participated in the most funding rounds?
here are Amber Group four lead investors
- Pantera Capital
Pantera Capital is an American hedge fund that specializes in cryptocurrencies. It is the largest crypto hedge fund in the world by AUM. The firm was founded in 2003 by Dan Morehead. In 2013, it launched the first investment fund focused on Bitcoin in the United States.
Paradigm is a crypto-focused investment firm based in San Francisco. It invests in crypto-assets and businesses from the earliest stages of idea formation through to maturity.
- China Renaissance
China Renaissance is a Chinese financial institution. Founded by Fan Bao in 2005 as a financial advisory firm, China Renaissance’s core business now consists of investment banking, investment management and wealth management.
- Temasek Holdings
Temasek Holdings Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated in 25 June 1974, Temasek owns and manages a net portfolio of S$405 billion as of 2021, with S$39 billion divested and S$49 billion invested during the year.
Amber Group: The gateway to crypto finance
Amber Group is said to be weighing an initial public offering in the U.S. next year, according to media reports. The company was established in 2017 by a group of quantitative traders from Morgan Stanley. It has recently moved its home office from Hong Kong to Singapore, which is seen by many to be more crypto-friendly due to the regulations the Southeast Asian nation rolled out in early 2020 that allows exchanges to apply for operating licenses. As the crypto industry continues to build, Amber Group is continuing to strive to create a name for itself among the top venture capital firms.
Hope you had a fantastic reading. sources were provided from crunchbase.