Former Morgan Stanley traders turn cryptocurrency start-up into unicorn
- Date: 21-Jun-2021
- Source: The National
- Sector:Financial Markets
- Country:Middle East
Former Morgan Stanley traders turn cryptocurrency start-up into unicorn
A group of former Morgan Stanley traders has turned their cryptocurrency venture into a unicorn by bringing Wall Street strategies to the brave new world.
Amber Group, founded in 2018, raised $100 million from investors, including DCM Ventures and Tiger Global Management, ramping up its valuation tenfold to $1 billion in just 18 months.
The Series B fundraising also includes China Renaissance Group, Tiger Brokers, Gobi Partners and existing backers such as Coinbase Global and Pantera Capital, Hong Kong-based Amber said.
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