Total amount raised
$94.5 Million
Latest funding date
7/1/2021
Location
Eco has participated in four funding rounds, attracting investments from notable venture capital firms such as Lightspeed Venture Partners, Blockchange Ventures, Activant Capital, and L Catterton. The platform focuses on building software to maximize the value of money, offering solutions for seamless money movement, simplified stablecoin UX, institutional-grade execution, and liquidity management.
What Is Eco?
Eco is a blockchain company based in San Francisco, California, specializing in cryptocurrency, financial exchanges, financial services, fintech, and payments. Eco focuses on building software to maximize the value of money, offering solutions for money movement, simplified stablecoin UX, institutional-grade execution, and liquidity management.
With a workforce of 11-50 employees, Eco is a founding contributor to the Eco Protocol and the builder of Bend. The company has raised funding through multiple rounds, with the latest being a Series B round. Eco aims to provide superior execution for stablecoin strategies by connecting leading stablecoin ecosystems with speed, capital efficiency, and control.
How Much Funding Has Eco Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their blockchain-based financial solutions.
- Seed Round
- Amount Raised: USD 8,500,000
- Date: January 2020
- Lead Investors: Expa, Pantera Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A Round
- Amount Raised: USD 26,000,000
- Date: March 2021
- Lead Investors: a16z crypto
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B Round
- Amount Raised: USD 60,000,000
- Date: July 2021
- Lead Investors: Activant Capital, L Catterton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the Eco Protocol and expand market reach.
Total Amount Raised: USD 94,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Activant Capital
- Details: Activant Capital is a growth equity firm that invests in high-growth companies. They focus on providing capital and strategic support to help businesses scale.
- Investment Focus Areas: Technology, Consumer, Financial Services
- Notable Investments: Better.com, Deliverr, Bolt
- L Catterton
- Details: L Catterton is a leading consumer-focused private equity firm. They partner with management teams to drive growth and create value.
- Investment Focus Areas: Consumer Products, Retail, Health & Wellness
- Notable Investments: Peloton, Vroom, ClassPass
- a16z crypto
- Details: a16z crypto is the cryptocurrency arm of Andreessen Horowitz, a venture capital firm. They invest in crypto and blockchain startups.
- Investment Focus Areas: Cryptocurrency, Blockchain, FinTech
- Notable Investments: Coinbase, Dapper Labs, Compound
- Expa
- Details: Expa is a startup studio and venture capital firm founded by Garrett Camp. They help early-stage companies grow and succeed.
- Investment Focus Areas: Technology, Transportation, Consumer
- Notable Investments: Uber, Haus, Reserve
- Pantera Capital
- Details: Pantera Capital is a leading blockchain investment firm. They focus on investing in blockchain technology and digital currencies.
- Investment Focus Areas: Blockchain, Cryptocurrency, FinTech
- Notable Investments: Bitstamp, Circle, Ripple
What's Next for Eco?
Eco's latest disclosed funding is the USD 60 million round of July 2021, led by L Catterton and Activant Capital. Developers and enterprises now use Eco's stablecoin infrastructure to move money across onchain markets.
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