Abra was founded in 2014 by James Robinson IV, Pete Kelly, and William Barhydt. While the company appointed its first CFO in 2022, Abra has not publicly discussed plans to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Abra is a cryptocurrency investment app that allows users to trade more than 100 cryptocurrencies and reports to have processed more than $1 billion in crypto-backed loans. The company states that its user count grew by more than 300% in 2021 and that its transaction volume grew by more than 660% within the same timeframe. Abra has raised more than $100 million in venture capital funding from investors including IGNIA, American Express, Foxconn, Blockchain Capital, Kingsway Capital, and CMT Digital. Abra's most recent round of funding raised $55 million and increased the company's valuation to $500 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/15/2021 | Series C-2 | $3.24MM | $xx.xx | $340.03MM | Amex Ventures, Arbor Ventures, Blockchain Capital, Cmt Digital Ventures, Ignia, Kenetic Advisors, Kingsway Capital, Lerer Hippeau Ventures, Rre Ventures, Tiga Investments Stellar Development Foundation | |
Price per Share
$xx.xx
Shares Outstanding
825,304
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amex Ventures, Arbor Ventures, Blockchain Capital, Cmt Digital Ventures, Ignia, Kenetic Advisors, Kingsway Capital, Lerer Hippeau Ventures, Rre Ventures, Tiga Investments Stellar Development Foundation
|
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09/15/2021 | Series C-1 | $10.24MM | $xx.xx | $340.03MM | Amex Ventures, Arbor Ventures, Blockchain Capital, Cmt Digital Ventures, Ignia, Kenetic Advisors, Kingsway Capital, Lerer Hippeau Ventures, Rre Ventures, Tiga Investments Stellar Development Foundation | |
Price per Share
$xx.xx
Shares Outstanding
2,609,545
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amex Ventures, Arbor Ventures, Blockchain Capital, Cmt Digital Ventures, Ignia, Kenetic Advisors, Kingsway Capital, Lerer Hippeau Ventures, Rre Ventures, Tiga Investments Stellar Development Foundation
|
||||||
09/15/2021 | Series C | $41.52MM | $xx.xx | $340.03MM | Amex Ventures, Arbor Ventures, Blockchain Capital, Cmt Digital Ventures, Ignia, Kenetic Advisors, Kingsway Capital, Lerer Hippeau Ventures, Rre Ventures, Tiga Investments Stellar Development Foundation | |
Price per Share
$xx.xx
Shares Outstanding
5,933,025
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amex Ventures, Arbor Ventures, Blockchain Capital, Cmt Digital Ventures, Ignia, Kenetic Advisors, Kingsway Capital, Lerer Hippeau Ventures, Rre Ventures, Tiga Investments Stellar Development Foundation
|
||||||
10/23/2017 | Series B-1 | $546,893.00 | $xx.xx | $99.8MM | Amex Ventures, Arbor Ventures, Foxconn Technology Group, Honhai Capital Management, Ignia, Jungle Ventures, Lerer Hippeau Ventures, Plug & Play Tech Center, Rre Ventures, Silver8 Capital | |
Price per Share
$xx.xx
Shares Outstanding
158,962
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amex Ventures, Arbor Ventures, Foxconn Technology Group, Honhai Capital Management, Ignia, Jungle Ventures, Lerer Hippeau Ventures, Plug & Play Tech Center, Rre Ventures, Silver8 Capital
|
||||||
10/23/2017 | Series B | $19.86MM | $xx.xx | $99.8MM | Amex Ventures, Arbor Ventures, Foxconn Technology Group, Honhai Capital Management, Ignia, Jungle Ventures, Lerer Hippeau Ventures, Plug & Play Tech Center, Rre Ventures, Silver8 Capital | |
Price per Share
$xx.xx
Shares Outstanding
5,772,344
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amex Ventures, Arbor Ventures, Foxconn Technology Group, Honhai Capital Management, Ignia, Jungle Ventures, Lerer Hippeau Ventures, Plug & Play Tech Center, Rre Ventures, Silver8 Capital
|
||||||
03/31/2016 | Series A-2 | $5.98MM | $xx.xx | $48.47MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,829,395
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
09/10/2015 | Series A-1 | $2MM | $xx.xx | $40.03MM | Arbor Ventures, First Round Capital, Rre Ventures | |
Price per Share
$xx.xx
Shares Outstanding
959,831
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arbor Ventures, First Round Capital, Rre Ventures
|
||||||
09/10/2015 | Series A | $10.8MM | $xx.xx | $40.03MM | Arbor Ventures, First Round Capital, Rre Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,181,697
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arbor Ventures, First Round Capital, Rre Ventures
|
||||||
07/18/2014 | Series Seed | $2.22MM | $xx.xx | $14.83MM | Arbor Ventures, Bitcoin Opportunity, Blockchain Capital, First Round Capital, Future Perfect Ventures, Haystack Fund, Jungle Ventures, Lehrer Hippeau Ventures, Liberty City Ventures, Mesanter Ventures, Mesa Ventures, Nyca Partners, Pantera Capital Management, Rre Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,503,089
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arbor Ventures, Bitcoin Opportunity, Blockchain Capital, First Round Capital, Future Perfect Ventures, Haystack Fund, Jungle Ventures, Lehrer Hippeau Ventures, Liberty City Ventures, Mesanter Ventures, Mesa Ventures, Nyca Partners, Pantera Capital Management, Rre Ventures
|