Abra

About

Abra is a digital asset financial platform where consumers and institutions can buy, sell, store, borrow, and generate yield on crypto.

Mountain View,California,United States
101 - 250
https://www.abra.com

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $11.98M
Industries: Bitcoin,Blockchain,Cryptocurrency,Ethereum,FinTech
Founded date: Jan 1, 2014
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Plutus Financial Holdings, Inc.

Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.

Based in the United States, Abra operates in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers and $9B in transactions processed, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

8

$106.57M

Abra has raised a total of $106.57M in funding over 2 rounds. Their latest funding was raised on Sep 15, 2021 from a Series C round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Sep 15, 2021	Series C	$55M	15	Blockchain Capital IGNIA	—	Detail
May 7, 2020	Corporate Round	$5M	1	Stellar Development Foundation	—	Detail
Aug 23, 2019	Convertable Note	$4M	1	—	—	Detail
Mar 14, 2019	Series B	$11.98M	9	American Express Ventures	—	Detail
Oct 23, 2017	Series B	$16M	10	HCM Capital IGNIA	—	Detail

Investments

Number of Investments

Number of Lead Investments

2

0

Abra has made 2 investments. Their most recent investment was on Sep 6, 2022, when Credix raised R$60M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Sep 6, 2022 Credix	Series A	R$60M	Financial Services	—
Jul 12, 2022 Quadrata	Seed	$7.50M	Bitcoin	—

Investors

Number of Lead Investors

Number of Investors

7

36

Abra is funded by 36 investors. Blockchain Capital and IGNIA are the most recent investors.

Investor Name	Lead Investor	Funding Round
Blockchain Capital	Yes	Series C
IGNIA	Yes	Series C
HCM Capital	Yes	Series B
2TM	—	Series C
American Express Ventures	—	Series C
Arbor Ventures	—	Series C
CMT Digital Ventures	—	Series C
Disrupt Ventures	—	Series C
Kenetic	—	Series C
Kingsway Capital	—	Series C