Foxconn invests in blockchain start-up

“We’ve added some great investors, including Foxconn’s venture subsidiary HCM International, Silver8 Capital and Ignia,” says Abra co-founder and CEO Bill Barhydt.

Other investors include Arbor Ventures, American Express Ventures, Jungle Ventures, Lehrer Hippeau and RRE.

Abra raised $16 million in the Series B which takes its total capital raised to $35 million.

In March Foxconn subsidiary FnConn joined Dianrong of China to set up a blockchain based company for raising caputal for smaller companies.