[Taklimakan Blog] A Crypto Company of Former Morgan Stanley Traders Has Become a Unicorn
Amber Group has increased its capitalization 10 times in a year and a half, to $1 billion. The startup was invested by China Renaissance Group, Tiger Brokers, Gobi Partners, as well as Coinbase Global, and Pantera Capital
The crypto company Amber Group, founded in 2018 by former traders of the investment bank Morgan Stanley, has become a unicorn in a year and a half, its appraised value has increased tenfold, to $1 billion, Bloomberg reports.
When raising funds for the series, the company received investments from China Renaissance Group, Tiger Brokers, Gobi Partners, as well as Coinbase Global, and Pantera Capital.
Unicorn startups with a market value of over $1 billion