Stellar Development Foundations Takes Part In Abra $55 Million Series C Funding
Leading wealth management platform Abra completed a Series C funding with participation from the Stellar Development Foundation. The company raised $55 million in the round led by major players in the industry, such as IGNIA and Blockchain Capital. The Stellar Development Foundation was one of the new investors in the company alongside Kingsway Capital and Tiga Investment. In addition, Abra received investments from Lerer Hippeau Ventures, Amex Ventures, Arbor Ventures, RRE Ventures, CMT Digital Ventures, and Kenetic Advisors. Related Reading | An Introduction To Stellar And XLM:....
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Up 10% in the daily and 36.3% in the 2 week chart, at the time of writing, Stellar Lumens (XLM) has been one of the best performing assets in the crypto top 30 by market cap. The cryptocurrency has managed to outperform Bitcoin, Ethereum, and other major coins in the top 10. Stellar technical indicators have quickly moved into the buying zone with the simple moving average (SMA) and exponential moving average (EMA) crossing the $0,32 mark. Related Reading | Stellar Development Foundation Takes Part In Abra $55 Million Series C Funding The Relative Strength Index (RSI) remains neutral....
Bitcoin remittance app Abra recently confirmed raising $12 million in a new venture financing round. The Series A round drew support from noted investors like Arbor Ventures, RRE Ventures and First Round Capital. Other investors that took part in the funding are Blockchain Capital, Digital Currency Group, Liberty City Ventures, etc. The total valuation of Abra, upon receiving the new funds, has now reached $14 million. Announced in March this year, Abra is a brainchild of a seasoned technology entrepreneur Bill Barhydt. The former Netscape director said during the launch that he is looking....
Venture capital continues to flow into the crypto industry, with high-profile investors such as American Express taking part in the new economy. Cryptocurrency trading platform Abra has raised $55 million in funding to bootstrap the next phase of its growth strategy, bringing several high-profile investors on board from both inside and outside the blockchain industry. Abra will use funds from the Series C investment to grow its product offerings in wealth management, trading and payments, as well as expand its in-house capacity, the company announced Wednesday.Amex Ventures, a venture....
Abra is just one of the many Bitcoin startups to rake in a lot of funding, but having very little to show for it. Various Bitcoin companies and startups have received significant amounts of funding over the past few years. This seems only normal, as the technology and protocol making up the Bitcoin network can be of great value to people and companies all over the world. Abra is one of the companies seeing a lot of funds flowing in, even though they still don’t have a working prototype of their smartphone app. For some reason, they made it to the Angellist top startup list. When the....
Abra, the startup developing a bitcoin powered remittance app, has raised just over $12 million in new funding. The Series A round drew support from a large number of investors including Arbor Ventures, RRE Ventures and First Round Capital. Combined with previous capital raised during a seed round, the startup has netted more than $14m in investment to date. The company plans to use the new funding to further develop the functionality of its remittance app as well as support efforts to expand the reach of its service. In a statement, Jim Robinson, general partner at RRE Ventures and a....