About Amber Group
Amber Group is a company based in Singapore (Singapore) founded in 2017 by Thomas Zhu, Junwei Huo, Michael Wu, Luke Peijiu Li, Wayne Huo, and Tony YuHao He.. Amber Group has raised $628 million across 4 funding rounds from investors including Blockchain, Coinbase and Math Wallet. Amber Group has completed 3 acquisitions, including Celera Group, Dicalet and Sparrow Exchange. Amber Group operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Singapore, Singapore
- Founders Thomas Zhu, Junwei Huo, Michael Wu, Luke Peijiu Li, Wayne Huo, Tony YuHao He
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
$-4.59 K-6as on Sep 30, 2015
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EBITDA
$-4.59 K0as on Sep 30, 2015
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Total Equity Funding
$628 M (USD)
in 4 rounds
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Latest Funding Round
$300 M (USD), Series C
Dec 16, 2022
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Investors
Blockchain
& 22 more
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Employee Count
Employee Count
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Investments & Acquisitions
Celera Group
& 2 more
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Funding Insights of Amber Group
Amber Group has successfully raised a total of $628M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $300 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $300.0M
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First Round
First Round
(14 Feb 2020)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series C - Amber Group | Valuation | Fenbushi Capital |
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| Feb, 2022 | Amount | Series B - Amber Group | Valuation | Temasek | |
| Jun, 2021 | Amount | Series B - Amber Group | Valuation | China Renaissance Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Amber Group
Amber Group has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Blockchain, Coinbase and Math Wallet. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital firm investing in the US and UK
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Founded Year | Domain | Location | |
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M&A advisory, asset management firm, and private equity fund focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Amber Group
Amber Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Celera Group, Dicalet and Sparrow Exchange. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cryptocurrency exchanges and payments are enabled via a mobile platform.
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2018 | ||||
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Online exchange platform for cryptocurrency
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2018 | ||||
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Temples and religious trust services are provided by Celera Group.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Amber Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Amber Group Comparisons
Competitors of Amber Group
Amber Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Luno, Uphold, Coins.ph and BlockFi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Amber Group
Frequently Asked Questions about Amber Group
When was Amber Group founded?
Amber Group was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Amber Group located?
Amber Group is headquartered in Singapore, Singapore.
Who is the current CEO of Amber Group?
Michael Wu is the current CEO of Amber Group. They have also founded this company.
Is Amber Group a funded company?
Amber Group is a funded company, having raised a total of $628M across 4 funding rounds to date. The company's 1st funding round was a Series B of $100M, raised on Feb 14, 2020.
What does Amber Group do?
Founded in 2017 and headquartered in Singapore, Amber Group operates in the blockchain and cryptocurrency sector. Crypto-based services, including payments, exchanges, and digital wallets, are provided to users. Digital currencies such as Bitcoin, Ripple, and Ethereum can be bought, sold, and traded through the platform. Collateralized loans involving stablecoins and various currencies are facilitated, alongside margin trading and over-the-counter liquidity options.
Who are the top competitors of Amber Group?
How many acquisitions has Amber Group made?
Amber Group has made 3 acquisitions, including Celera Group, Dicalet, and Sparrow Exchange.
Who are Amber Group's investors?
Amber Group has 23 investors. Key investors include Blockchain, Coinbase, Math Wallet, Polychain, and Temasek.
What is Amber Group's valuation?
The valuation of Amber Group is $3B as of Feb 2022.
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