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Announced

Completed

IGNIA and Blockchain Capital led a $55m Series C round in Abra.

Financials

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Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Cross Border

Minority

United States

Single Bidder

Completed

Friendly

Asset Managers and Custodians

Venture Capital

Private Equity

wealth management platform

Synopsis

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IGNIA and Blockchain Capital led a $55m Series C round in Abra, a wealth management platform, with participation from Kingsway Capital, Tiga Investments, Stellar Development Foundation, Lerer Hippeau Ventures, Amex Ventures, Arbor Ventures, RRE Ventures, CMT Digital Ventures, and Kenetic Advisors. "Cryptocurrencies, NFTs and DeFi are now top of mind for almost all investors. The crypto asset class is growing exponentially, even outpacing the early commercial Internet itself. Our vision of crypto-centric banking is coming to life in front of our eyes, and Abra is excited to serve as a leader in the space. I’m proud of what the Abra team has accomplished, and we look forward to continuing to scale our platform and serve our customers as their trusted and compliant crypto banking platform," Bill Barhydt, Abra Founder and CEO.

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