Bitcoin-based digital wallet app Abra has announced that it has raised $16 million in Series B round, bringing the total funding to over $35 million.
The latest funding round saw the participation of new investors including Foxconn’s venture subsidiary HCM International, Silver8 Capital, and Ignia, as well as existing investors including Arbor Ventures, American Express Ventures, Jungle Ventures, Lehrer Hippeau and RRE. In 2015, the startup raised $12 million in Series A financing.
“We believe that Abra represents the future of digital payments and banking. Abra’s vision for a decentralized network of people, merchants and consumer devices all connected via Internet-based open blockchain technology can usher in a new era of financial inclusion and access to capital for billion of consumers,” Jack Lee, Founding Managing Partner, HCM.
Founded in 2014 by Bill Barhydt, Abra is a bitcoin-based digital wallet app which allows users to easily buy, sell, send, and store Bitcoin.
