Crypto Platform Abra Raises $55 Million in Series C Funding
- Deal puts Abra valuation at around half a billion dollars
- Funding round was led by Ignia and Blockchain Capital
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Cryptocurrencies platform Abra has raised $55 million in a Series C funding round, the company announced Wednesday, as competition for users heats up across the industry.
The funding, led by Ignia and Blockchain Capital, included new investors such as Kingsway Capital, Tiga Investments and the Stellar Development Foundation, according to the statement. Additional money came from existing investors including Amex Ventures, Arbor Ventures and Kenetic Advisors. The funding round takes Abra’s valuation to around half a billion dollars.