Trading firm ambergroup_io changed its plan for a Series B+ round and has now raised a $300 million Series C to minimize the impact from FTX_Official's collapse. By egreechee
Crypto trading firm Amber Group changed its fundraising strategy to raise a $300 million Series C round, as a reaction to the collapse of crypto exchange FTX.
The round was led by Fenbushi Capital U.S., and other crypto investors and family offices, the firm said on Twitter.
In the tweet thread announcing the fundraise, Amber Group admitted that it had to"say goodbye" to"many" colleagues as it decided to scale down"mass consumer efforts and non-essential business lines." The Series C investors"came on board" understanding that the firm would be"laser-focused."
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