Crypto Finance Startup Amber Raises $28M in Series A Led by Pantera, Paradigm

Published on by Coindesk | Published on

Amber Group, a Hong Kong-based startup offering a range of cryptocurrency finance services, has raised $28 million in a Series A funding round.

Leading the investment are Paradigm and Pantera Capital, with Polychain Capital, Blockchain.com, Coinbase Ventures and Fenbushi Capital also participating.

Existing investor Dragonfly Capital was also on board.

Amber said Friday the investment funds will be used to expand its operations to meet client demand and add new features to its platform.

"Amber dramatically improved our electronic execution across a wide spectrum of assets.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

x