Amber Group
Basics
Projects
KeeperDAO
"The KeeperDAO project was first revealed in December, as a joint effort between Amber Group and Talo Systems. Amber is Kullander's crypto trading and market-making firm, and Talo is a blockchain research firm run by Taiyang Zhang, who is also the CEO of DeFi protocol Ren. Kullander and Zhang jointly manage the KeeperDAO project."
TRON DAO
- It is one of the whitelisted institutions of the TRON DAO Reserve (TDR), which governs the overcollateralization of USDD (4-11-2022).
Investments
- According to this thread (16-2-2023):
"Total Balance $245m • $119m $ETH • $74m $USDC/$USDT • $21.5m $FET • $8.3m $DYDX • $3.6m $wBTC • $2.2m $SWISE • $1.8m $CVX Smaller positions ($100k-$1m) include: $MATIC, $AAVE, $LINK, $GRT, $LDO, $SYN, $FTM. All of the $20m+ $FET (FetchAI) seems to have been bought the past three days. Further, Amber has recently interacted with a wallet holding $17m $ETH, $8m $RNDR and $5m $MATIC. Potentially theirs as well."
- From The Defiant (7-12-2022):
"Lookonchain said six wallets allegedly owned by Amber have only $9.46M in assets between them — Amber claims on its website to have over $5B “on its platform” and to be responsible for $1T of trading volume. Jason Choi, founder of Tangent, an angel investing collective, shared two additional wallets, bringing the value of Amber’s on-chain assets up to $11.1M.
Annabelle Huang, managing partner at Amber, denied the allegations. The company did not respond to an email requesting clarity on its financial position but put out a statement echoing Huang’s."
- Arbitrum; Amber Group became the 14th $ARB holder after receiving a total of 8.59M $ARB ($10.5M) from OKX, KuCoin, and Bybit (26-3-2023). Only 5 days later Amber already sold half and held "only" 4.47M ARB.
- Babylon; part of their $70M pre-launch round (30-5-2024).
- BeraChain; part of the Series B $100M (12-4-2024).
- IoTex; was part of their DePIN ecosystem $50M fund (3-4-2024).
- MATH got $12M funding from Binance (17-12-2020). NGC Ventures, C6E (Capital6 Eagle) and Amber Group also co-led this round of funding.
- RedStone; part of their $15m Series A round (2-7-2024).
- Shardeum; part of the strategic round (7-7-2023).
- Taiko: part of the $15M pre-mainnet Series A (2-3-2024).
- UMA. Took part in the Range Token raise for UMA of $2.66M (16-7-2021).
- Zircuit; part of its Mainnet Round (22-7-2024).
Team, Partners
- Annabelle Huang; managing partner
- Tiantian Kullander; co-founder, he passed away unexpectedly in his sleep on Nov. 23, 2022.
- Laid off hundreds of employees in December after letting 30% to 40% of its staff go in September, 2022 according to Colin Wu, a reporter focused on crypto developments in Asia. Amber raised $200M in March in a funding round that valued the company at $3B. Temasek, the Singaporean sovereign wealth fund with $300B in assets, led the round.
- Had <10% of trading capital within FTX (10-12-2022).
- Owes around $130 million to troubled crypto lender Vauld's CEO Darshan Bathija (9-12-2022). Raised $300M led by Fenbushi Capital US (16-12-2022)
- Mentioned as a partner on the BitDAO website (8-3-2022).
