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- Abra
Abra Acquisition, Valuation, Funding & Investors
Abra was acquired by New Providence Acquisition Corp. III for $750M in March 2026.
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
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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 15 Mar 2026 | Strategic 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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2021 | Series C | $340M | 3.4x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2021 | $100M | $340M | 3.4x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2021 | Series C | Blockchain Capital (lead); IGNIA (lead) | $55M | $340M | Abra 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 2020 | Strategic investment | Stellar 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 2019 | Seed | Amex 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 2019 | Series B | Amex Ventures (lead); Disrupt Ventures; Kingsley Advani; Arbor Ventures; Kenetic; RRE Ventures; Nimble Ventures; Accelerator Ventures; IGNIA; Chainfund Capital | $12M | - | - |
| Oct 2017 | Series B | HCM 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 2015 | Series A | Arbor 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 2015 | Series A | Lerer 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2015 | ||
| 3 | Participant | Mar 2015 | ||
| 3 | Lead | Oct 2017 | ||
| 2 | Participant | Mar 2015 | ||
| 2 | Lead | Mar 2019 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Oct 2017 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Participant | Mar 2015 | ||
| 1 | Lead | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 25 Abra investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAbra Competitors
Abra competitors include listed companies like BTCS and Coinbase, and private ones like AscendEX, Celo, Nansen and Rilla.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $450M | - | ||
| Publicly listed | $16M | ($30M) | $73M | 2.2x | ||
| Publicly listed | $7.2B | $1.8B | $46B | 7.6x | ||
| Private | - | - | $750M | - | ||
| Private | - | - | $750M | - | ||
| Private | $40M | - | $737M | 18.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $612M | $284M | 0.4x | 0.4x | 0.9x | 1.2x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $749K | ($28M) | 600.9x | 136.9x | (16.1x) | (10.0x) | |||
| - | - | - | - | - | - | |||
| $3.1B | $354K | 0.2x | 0.2x | 1312.3x | (189.0x) | |||
This data is available for Pro users. Sign up to see all Abra competitors and their valuation data. Start Free Trial | ||||||||
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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