Abra is a cryptocurrency investment and wealth management platform founded in 2014 by Bill Barhydt, a former Goldman Sachs and Netscape executive. Originally launched as a peer-to-peer Bitcoin remittance app, Abra pivoted over the years to focus on crypto-native investment products and wealth management services for high-net-worth individuals and accredited investors.

Abra offers a platform for investing in a range of digital assets including Bitcoin, Ethereum, and other cryptocurrencies, as well as structured products like interest-bearing accounts and managed portfolios. The company has targeted both retail and institutional clients, positioning itself as a digital-first alternative to traditional wealth management for the crypto-asset class.

In 2023, Abra faced significant regulatory challenges, reaching settlements with multiple U.S. state regulators over the operation of its Abra Earn interest product and questions about the segregation of customer funds. The company restructured its operations, winding down certain retail products and refocusing on its Abra Capital Management division for accredited and institutional investors. Abra has raised over $80 million in venture capital from investors including Arbor Ventures, Ignia, and Blockchain Capital.

Key Features

• Crypto Wealth Management — Investment platform for accredited and institutional clients
• Multi-Asset Support — Bitcoin, Ethereum, and a range of digital assets
• Structured Products — Managed portfolios and yield-generating services
• Abra Capital Management — Institutional-focused investment division

Venture Capital Rounds