Amber Group announced the completion of a $300 million Series C financing, led by Fenbushi Capital US

ChainCatcher news, Amber Group announced on its official Twitter that it has completed a $300 million Series C financing, led by Fenbushi Capital US, with participation from other crypto-native investors and family offices.

Amber Group stated that before the collapse of FTX, Amber raised funds in a Series B+ round at a valuation of $3 billion, preparing for a potentially prolonged crypto winter, and continued with Series C financing after the FTX collapse. With the support of investors, its top priority for 2023 is to focus on core business and customers.

Previously, on December 9, the Financial Times reported that Amber Group stated it had raised approximately $50 million from a new sovereign fund, with the deal set to be announced in January next year. The new capital values the company at $3 billion, consistent with February. (source link)