Abra Announces $55 Million in Series C Funding

16 Sep, 2021

Abra Announces $55 Million in Series C Funding
Photo by Felipe Furtado on Unsplash

– Abra has raised $55m in Series C funding. The round was led by IGNIA and Blockchain Capital, with new investors including Kingsway Capital, Tiga Investments and the Stellar Development Foundation.
– The round brings Abra’s total funding to date to over $85m since inception.
– This new round will enable the company to further expand its world-class product team into new offerings for wealth management, trading, and payments; scale its marketing team; and develop the company’s fast-growing high net worth and institutional sales offerings.
– Abra has experienced tremendous growth over the past year. The company’s revenues have increased more than ten-fold, while custody services, Abra Trade and Abra Earn, went from zero to $1bn in AUM, with zero defaults.

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