Announced
Completed
Financials
Sources
Tags
Private
Acquisition
Cross Border
Minority
United States
Single Bidder
Completed
Friendly
Asset Managers and Custodians
Venture Capital
Private Equity
wealth management platform
Synopsis
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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