Crypto Firm Amber Seeks $100 Million Funds at ‘Flat’ Valuation

The crypto market downturn has served as a major reality check for startups looking to secure new cash.

Digital-asset trading platform Amber Group is in the process of raising a little over $100 million in fresh funding at a $3 billion valuation, according to a person familiar with the matter. The Singapore-based startup had the same valuation in its most recent $200 million fundraise in February, which included Temasek Holdings Pte and Tiger Global Management as investors.

The new funding is an extension of that previous round, said the person, who asked not to be identified discussing private information. They ...