Turning a corner: Private market posts best month in yearsCore private market metrics suggest positive momentum is brewing and investor sentiment is improving
Turning a corner: Private market posts best month in years
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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.
Abra is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Abra pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Abra is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 9/15/2021 | Series C, C-1 and C-2 | $55MM raised | $XXX.XX | $XXX.XX |
| 10/23/2017 | Series B and B-1 | $20.41MM raised | $XXX.XX | $XXX.XX |
| 3/31/2016 | Series A-2 | $5.98MM raised | $XXX.XX | $XXX.XX |
| 9/10/2015 | Series A and A-1 | $12.8MM raised | $XXX.XX | $XXX.XX |
| 7/18/2014 | Series Seed | $2.22MM raised | $XXX.XX | $XXX.XX |
