China Deal Monitor: Crypto firm Amber nets $28m in Series A and more

Hong Kong-based crypto finance startup Amber Group has raised $28 million in a Series A round of financing led by Paradigm and Pantera Capital, a blockchain investment fund, according to a company statement on Monday. 

Polychain Capital,, Coinbase Ventures and Fenbushi Capital also participated in the latest round. Existing investor Dragonfly Capital also joined the round. 

Amber, set up in 2015, serves diversified crypto finance solutions for enterprises. The company’s clients include exchanges, wallets, hedge funds, among others. 

“While the industry has come a long way, there is still plenty of work to do in order to meet the growing demands of clients in a fragmented market. We’re thrilled to partner with some of the world’s leading investors and crypto companies to accelerate our mission of strengthening the crypto finance ecosystem,” said Amber GroupCEO Michael Wu in the statement. 

Prior to this round,  Amber Group raised a pre-A round from Plum Ventures. 


DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from February 17-18, 2020. 

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