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New Deal


Announced

Completed

China Renaissance led a $100m Series B round in Amber Group.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Payments / Commerce

Hong Kong

Completed

Private Equity

Minority

Cross Border

Private

Acquisition

cryptocurrencies

Venture Capital

Single Bidder

Synopsis

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China Renaissance, a Chinese investment firm, led a $100m Series B round in Amber Group, a crypto financial services firm, with participation from Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures, Gobi Partners, Pantera Capital, Coinbase Ventures and Blockchain.com. Amber Group said it plans to use the funding to expand its global operations. The firm offers algorithmic trading, high-frequency trading and over-the-counter trading to a deep roster of 500 institutional clients.

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