Abra Acquisition, Valuation, Funding & Investors

Abra was acquired by New Providence Acquisition Corp. III for $750M in March 2026.

See full Abra profile

Abra acquisition price

$750M

Acquired by New Providence Acquisition Corp. III · Mar 2026

Abra revenue

$100M

Series C · Sep 2021

Cumulative funding Abra raised

$107M

across 7 funding rounds

Key investors in Abra

  • RRE Ventures
  • IGNIA
  • Arbor Ventures
  • Lerer Hippeau
  • Amex Ventures
  • First Round Capital

Abra Overview

About Abra

Abra is a United States-headquartered cryptocurrency platform founded in 2014 operating in over 150 countries. It allows buying, trading, and borrowing against digital assets with fiat conversions. Abra has processed $9 billion in transactions for 2 million customers, earning top wallet ratings from PYMNTS in 2022. Backed by American Express Ventures and First Round Capital.


Founded

2014

HQ

United StatesSan Francisco, CA

Website

abra.com

Status

Acquired

Customer focus

B2C

Revenue model

Commission

Revenue

$100M (Sep 2021)

Valuation

$340M (Sep 2021)

Abra Acquisition

Abra was acquired by New Providence Acquisition Corp. III for $750M on 15 March 2026.

Before the acquisition Abra had raised $107M across 7 funding rounds.

Abra acquisition details
AcquirerDateTypePrice
  • New Providence Acquisition Corp. III
15 Mar 2026Strategic M&A$750M

Abra Valuation

Abra is currently valued at $340M, based on its Series C in September 2021.

The $55M round was led by Blockchain Capital and IGNIA.

Abra valuation by funding round

Abra valuation by funding round
DateStageValuationRevenue Multiple
Sep 2021Series C$340M3.4x

Abra Revenue

Abra's latest recorded revenue is $100M, as of its Series C in September 2021. At a $340M valuation, that implies a 3.4x revenue multiple.

Abra revenue by funding round

Abra revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2021$100M$340M3.4xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Abra Funding History

Abra has raised a total of $107M across 7 funding rounds.

Abra's first fundraising round was a $2M Series A in March 2015. The most recent completed round was a $55M Series C in September 2021.

Abra funding rounds

Abra funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2021Series CBlockchain Capital (lead); IGNIA (lead)$55M$340MAbra is a cryptocurrency wealth management and trading platform enabling users to trade over 100 cryptocurrencies, borrow fiat against crypto holdings, and access crypto-centric banking services. Abra positioned itself as a leader in the exploding crypto asset class, outpacing early internet growth, with services emphasizing accessibility for all investor types globally. On September 15, 2021, Abra closed a $55 million Series C funding round led by Blockchain Capital and IGNIA, with participation from existing investors like Amex Ventures, Lerer Hippeau Ventures, Arbor Ventures, RRE Ventures, CMT Digital Ventures, and Kenetic Advisors, plus new investors including Kingsway Capital, Tiga Investments, and the Stellar Development Foundation. This brought total funding to over $85 million. The funds were earmarked for expanding product offerings, growing the marketing team, and developing high-net-worth and institutional sales products amid surging crypto adoption. Abra reported over 155,000 monthly users, a ten-fold revenue increase in the past year, and over $1 billion in processed crypto-backed loans, highlighting strong growth with user base up more than 300% and transaction volume up over 660% in 2021.
May 2020Strategic investmentStellar Development Foundation (lead)$5M-Abra is a global investment app enabling users in over 150 countries to buy, sell, hold, exchange, and send hundreds of cryptocurrencies. The Stellar Development Foundation invested $5 million in Abra on May 6, 2020, to support integration with Stellar as its blockchain back-end and expansion of financial services on the Stellar network. This marked SDF's second investment from its enterprise fund aimed at fostering sustainable Stellar use cases. The investment aligns with SDF's mission to create equitable access to the global financial system, with Abra providing innovative investment opportunities in underserved markets. SDF co-founder Jed McCaleb highlighted Abra's addition as a tool for developers to build innovative business models on the Stellar network, leveraging its anchor network for on- and off-ramps.
Aug 2019SeedAmex Ventures$4M-Abra is a cryptocurrency wealth management platform offering exchange services, crypto lending, and related products, initially focused on remittances in the Philippines. Amex Ventures highlighted Abra as a peer-to-peer digital cash network and its only crypto investment at the time. In August 2019, Amex Ventures participated as an existing investor in Abra's $55 million Series C round led by IGNIA and Blockchain Capital, alongside Lerer Hippeau Ventures and the Stellar Development Foundation.
Mar 2019Series BAmex Ventures (lead); Disrupt Ventures; Kingsley Advani; Arbor Ventures; Kenetic; RRE Ventures; Nimble Ventures; Accelerator Ventures; IGNIA; Chainfund Capital$12M--
Oct 2017Series BHCM Capital (lead); IGNIA (lead); Lerer Hippeau; American Express; Arbor Ventures; RRE Ventures; Silver8 Capital; CMT Digital; Jungle Ventures; Bossa Invest$16M-Abra raised $17 million in a funding round on October 22, 2017. Investors included HCM Capital and Ignia as leads, along with American Express Ventures, Arbor Ventures, Bossa Invest, CMT Digital, Jungle Ventures, Lerer Hippeau, RRE Ventures, and Silver8 Capital. The company, founded in 2014 by Bill Barhydt, operates as a cryptocurrency wallet and exchange providing digital asset services.
Sep 2015Series AArbor Ventures (lead)$13M-Abra, a global bitcoin remittance startup, raised $12 million in a Series A funding round on approximately September 10, 2015, led by Arbor Ventures with participation from RRE Ventures and First Round Capital. The funding aimed to develop its iOS mobile application and expand services to multiple countries ahead of official launch. Abra leverages bitcoin technology to reduce friction in financial services for consumers worldwide. Earlier, Abra completed a seed round raising $2 million to $2.22 million around March to July 2015, with investors including Arbor Ventures, Blockchain Capital, Pantera Capital, and others, achieving a post-money valuation of $14.83 million. Subsequent rounds included a Series B in 2017 raising $16 million to $17 million at a post-money valuation of $99.8 million.
Mar 2015Series ALerer Hippeau; First Round Capital; RRE Ventures; Future Perfect Ventures; Digital Currency Group; Silicon Badia; LAUNCH; Recursive Ventures$2M--

Who has invested in Abra?

25 investors have backed Abra across its funding rounds, including RRE Ventures, IGNIA, Arbor Ventures, Lerer Hippeau, Amex Ventures and First Round Capital.

Lead investors include Blockchain Capital, IGNIA, Stellar Development Foundation, Amex Ventures, HCM Capital and 1 other investor.


Abra Investors

Investors in Abra by funding rounds participated
InvestorHQRoundsRoleFirst check
Arbor VenturesSingaporeSingapore3LeadSep 2015
RRE VenturesUnited StatesNew York City, NY3ParticipantMar 2015
IGNIAUnited StatesBoston, MA3LeadOct 2017
Lerer HippeauUnited StatesNew York City, NY2ParticipantMar 2015
Amex VenturesUnited StatesNew York City, NY2LeadMar 2019
Disrupt VenturesIrelandDublin1ParticipantMar 2019
Kingsley AdvaniUnited StatesSan Francisco, CA1ParticipantMar 2019
American ExpressUnited StatesNew York City, NY1ParticipantOct 2017
First Round CapitalUnited StatesPhiladelphia, PA1ParticipantMar 2015
KeneticHong KongHong Kong1ParticipantMar 2019
Future Perfect VenturesUnited StatesNew York City, NY1ParticipantMar 2015
Digital Currency GroupUnited StatesStamford, CT1ParticipantMar 2015
Blockchain CapitalUnited StatesSan Francisco, CA1LeadSep 2021

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Abra Competitors

Abra competitors include listed companies like BTCS and Coinbase, and private ones like AscendEX, Celo, Nansen and Rilla.

Public and private companies comparable to Abra
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AscendEXSingaporeSingaporePrivate--$450M-
BTCSUnited StatesUnited StatesPublicly listed$16M($30M)$73M2.2x
CoinbaseUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B7.6x
CeloUnited StatesUnited StatesPrivate--$750M-
NansenSingaporeSingaporePrivate--$750M-
RillaUAEAbu DhabiPrivate$40M-$737M18.4x

Abra Public Comps

Abra is no longer listed, but its public comps include BitGo Holdings, Tiger Brokers, HashKey Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Abaxx Technologies, Stewards, Coincheck Group, Monex Group and Bakkt.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Tiger Brokers$612M$284M0.4x0.4x0.9x1.2x
HashKey Holdings$92M($109M)6.4x-(5.4x)-
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
Abaxx Technologies$749K($28M)600.9x136.9x(16.1x)(10.0x)
Stewards------
Coincheck Group$3.1B$354K0.2x0.2x1312.3x(189.0x)

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Common questions about Abra

When was Abra founded?Abra was founded in 2014.
Where is Abra headquartered?Abra is headquartered in San Francisco, CA, United States.
Is Abra publicly listed?No, Abra was acquired by New Providence Acquisition Corp. III in March 2026.
Who acquired Abra?Abra was acquired by New Providence Acquisition Corp. III in March 2026.
How much was Abra acquired for?Abra was acquired for $750M in March 2026.
What is Abra's valuation?Abra was last valued at $340M in its Series C in September 2021.
How much funding has Abra raised?Abra has raised $107M across 7 funding rounds.
What was Abra's last funding round?Abra's last funding round was a $55M Series C in September 2021, led by Blockchain Capital and IGNIA.
Who are Abra's investors?Abra's investors include Arbor Ventures, RRE Ventures, IGNIA, Lerer Hippeau, Amex Ventures, Disrupt Ventures, Kingsley Advani, American Express, First Round Capital, Kenetic and 15 others.
What is Abra's revenue?Abra's latest recorded revenue is $100M (September 2021).
What is Abra's revenue multiple?Abra's latest valuation implies a 3.4x revenue multiple ($340M valuation on $100M of revenue).
Which companies are comparable to Abra?Companies comparable to Abra include AscendEX, BTCS, Coinbase, Celo, Nansen and Rilla.

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