About Sparrow Exchange
Sparrow Exchange is a Financial Services company based in Singapore (Singapore) founded in 2018, and was acquired by Amber Group in November 2022. Online exchange platform for cryptocurrency. Sparrow Exchange has raised $13.59 million across 4 funding rounds from investors including Amber Group, HDR and Gain Loyal. Sparrow Exchange was last valued at $26.98 million in November 2021. Sparrow Exchange offers products and services including Trading Platform, Structured Products, White-Labeled Products, and DPT Services. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Crypto Exchanges.
Company details
Sparrow Exchange was founded in 2018 in Singapore. An online platform is operated for cryptocurrency trading, where buying, selling, and exchanging are enabled for users. Peer-to-peer (P2P) trading is supported, along with customizable strategies and risk compliance tools tailored for corporates, traders, and investors in the cryptocurrency sector. Operations are based in Singapore, focusing on secure digital asset exchanges.
- Headquarters Singapore, Singapore
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website sparrowexchange.com/dashboard
- Social LinkedIn X Facebook
- Acquired by Amber Group (Nov 2022)
- Annual Revenue$473.08 K (USD)327as on Dec 31, 2020
- Net Profit-$1.45 M (USD)-95as on Dec 31, 2020
- Total Equity Funding$13.59M (USD)
in 4 rounds
- Latest Funding Round$4.4M (USD), Series A
Nov 2021
- InvestorsAmber Group
& 5 more
- Acquired byAmber Group
(Nov 2022)
Products & Services of Sparrow Exchange
Sparrow Exchange offers a comprehensive portfolio of products and services, including Trading Platform, Structured Products, White-Labeled Products, and DPT Services.
Platform for secure digital asset trading and services.
Innovative digital asset solutions for institutional clients.
Tailored digital asset services for partners and clients.
Licensed services for digital payment tokens in Singapore.
Funding Insights of Sparrow Exchange
Sparrow Exchange has successfully raised a total of $13.59M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.4 million completed in November 2021. 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 $13.59M
- Total Rounds 4
- Last Round Series A — $4.4M
- First Round $5.5M
(Jun 2018)
- Investors Count 5
All 4 funding rounds of Sparrow Exchange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2021 | $4.4M | Series A | $26.98M | Gain Loyal | – |
| Jun 2020 | $3.5M | Series A | – | HDR | |
| Jun 2018 | $5.5M | Seed | – | – | – |
| Jun 2018 | $190,000 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $26.98M | •••••••• |
Last known valuation $26.98M (Nov 2021). 6 investors in total: 6 institutional.
Investors in Sparrow Exchange
Sparrow Exchange has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Amber Group, HDR and Gain Loyal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain startups are funded through venture capital investments. | signum.capital | Singapore, Singapore | ||
Cryptocurrency and tech-related companies are invested in by Du Capital. | du.capital | Singapore, Singapore | ||
Venture capital is provided to blockchain startups by EOS VC. | vc.eos.io | George Town, Cayman Islands | ||
Architecture, engineering, and consulting services are provided across diverse sectors. | 1917 | hdrinc.com | Omaha, United States | |
Blockchain-based financial solutions are offered for crypto trading and payments. | 2017 | ambergroup.io | Singapore, Singapore |
Investor details for Sparrow Exchange
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Sparrow Exchange
5 dated milestones of Sparrow Exchange across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Sparrow Exchange is founded.
- Funding First funding round of $5.5M.
- Funding Latest funding round, Series A, of $4.4M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Amber Group.
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Frequently Asked Questions about Sparrow Exchange
Sparrow Exchange was founded in 2018.
Sparrow Exchange is headquartered in Singapore, Singapore.
Sparrow Exchange is a funded company, having raised a total of $13.59M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5.5M, raised on Jun 2018.
Annual revenue of Sparrow Exchange is $473.08K as on Dec 31, 2020.
Sparrow Exchange was founded in 2018 in Singapore. An online platform is operated for cryptocurrency trading, where buying, selling, and exchanging are enabled for users. Peer-to-peer (P2P) trading is supported, along with customizable strategies and risk compliance tools tailored for corporates, traders, and investors in the cryptocurrency sector. Operations are based in Singapore, focusing on secure digital asset exchanges.
Sparrow Exchange offers Trading Platform, Structured Products, White-Labeled Products, and DPT Services.
Sparrow Exchange has 6 investors. Key investors include Amber Group, HDR, Gain Loyal, Signum Capital, and Du Capital.
The valuation of Sparrow Exchange is $26.98M as of Nov 2021.
Yes. Sparrow Exchange was acquired by Amber Group in November 2022.