Tiger Global Invests in $200M Series B+ Financing of Amber Group
Gunderson Dettmer represented client Tiger Global as an investor in the $200 million Series B+ financing of Amber Group, a provider of crypto financing services intended to serve cryptocurrency trades. The company’s platform helps its clients buy and sell cryptocurrency products, earn yield, manage risk, and access liquidity. Amber Group’s new capital will be used to expand its global footprint in new markets.
In the announcement of the transaction, CEO of Amber Group Michael Wu said, “From radically transforming the concept of ownership and value in the global economy, digital assets are redefining the way we live outside of the financial ecosystem. At Amber Group, we want to do more than just enable mainstream digital asset adoption. We want to help create a digital future where digital assets empower people with the opportunity and agency to shape a better world for all.”
The Gunderson deal team was led by Zhen Liu and included Ying Zhu.