About Abra
Abra is a company based in Mountain View (United States) founded in 2014.. Abra has raised $104 million across 7 funding rounds from investors including American Express, Stellar and Digital Currency Group. Abra has completed 2 acquisitions, including Keenan and Walker's Automotive Collision Repair. Abra offers products and services including Abra Prime, Abra Private, and Abra Treasury. Abra operates in a competitive market with competitors including Consensys, Luno, Amber Group, Matrixport and Coins.ph, among others.
- Headquarter Mountain View, United States
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Plutus Financial, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$104 M (USD)
in 7 rounds
-
Latest Funding Round
$55 M (USD), Series C
Sep 15, 2021
-
Investors
American Express
& 24 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Keenan
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Abra
Abra offers a comprehensive portfolio of products and services, including Abra Prime, Abra Private, and Abra Treasury. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for institutional trading and lending of digital assets.
Solutions for high-net-worth individuals in digital asset management.
Services for corporations and non-profits in crypto yield and borrowing.
Unlock access to complete
Funding Insights of Abra
Abra has successfully raised a total of $104M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $55 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $55.0M
-
First Round
First Round
(04 Mar 2015)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series C - Abra | Valuation | Blockchain Coinvestors , IGNIA | |
| May, 2020 | Amount | Series B - Abra | Valuation | Stellar |
|
| Oct, 2017 | Amount | Series B - Abra | Valuation | HCM International , Silver 8 Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abra
Abra has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include American Express, Stellar and Digital Currency Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Kingsway Capital is engaged in providing investment management services.
|
Founded Year | Domain | Location | |
|
USA focused VC firm investing in seed and early stage startups
|
Founded Year | Domain | Location | |
|
Investments in financial services are made by Arbor Ventures.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Abra
Abra has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Keenan and Walker's Automotive Collision Repair. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Automotive collision repair and maintenance services are provided.
|
1990 | ||||
|
Insurance brokerage and employee benefits consulting services are offered.
|
1972 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Abra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abra Comparisons
Competitors of Abra
Abra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Luno, Amber Group, Matrixport and Coins.ph, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
|
|
| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
|
|
| domain | founded_year | HQ Location |
Blockchain-based financial solutions are offered for crypto trading and payments.
|
|
| domain | founded_year | HQ Location |
App-based platform offering crypto investment products and financial services solutions
|
|
| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Abra
Frequently Asked Questions about Abra
When was Abra founded?
Abra was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Abra located?
Abra is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Is Abra a funded company?
Abra is a funded company, having raised a total of $104M across 7 funding rounds to date. The company's 1st funding round was a Series B of $16M, raised on Mar 04, 2015.
What does Abra do?
Founded in 2014 and based in Mountain View, United States, Abra functions within the cryptocurrency sector. An app-based platform is maintained for trading crypto assets, buying and selling cryptocurrencies, and conducting exchanges. Investments in fiat and cryptocurrency funds are supported. Access is provided through applications on iOS and Android devices.
What products or services does Abra offer?
Abra offers Abra Prime, Abra Private, and Abra Treasury.
How many acquisitions has Abra made?
Abra has made 2 acquisitions, including Keenan, and Walker's Automotive Collision Repair.
Who are Abra's investors?
Abra has 25 investors. Key investors include American Express, Stellar, Digital Currency Group, Lerer Hippeau, and Kingsway Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.