How Much Did Eco Raise? Funding & Key Investors

Date
March 25, 2025
Eco

Total amount raised

$94.5 Millions

Latest funding date

Eco

Location

Title

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https://www.crunchbase.com/organization/eco-66cd/financial_details
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Eco has successfully raised significant funding through multiple rounds, including a notable $60 million Series B round led by a16z crypto. The company focuses on simplifying and accelerating the use of stablecoins, offering products like Routes for cross-chain liquidity and Accounts for unified stablecoin balances.

Keep reading to explore the intricacies of Eco's fundraising journey and the investors backing this innovative platform.

What Is Eco?

Eco, founded in 2018, is a blockchain company based in San Francisco, California. The company focuses on building software to maximize the value of money, contributing to the Eco Protocol and developing products like Bend.

Eco was founded by Andy Bromberg, Henry Ault, Joey Krug, Ryan Breslow, and Ryne Saxe. The team has grown to include 11-50 employees, working together to simplify and accelerate onchain money movements using stablecoins.

Eco offers a network for apps that use or need stablecoin liquidity, providing a seamless experience that enhances liquidity, user experience, and yield for developers and end users.

How Much Funding Has Eco Raised?

  1. 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: Initial funding to kickstart the company's operations and product development.
  2. Seed Round
    • Amount Raised: $8.5M
    • Date: January 2020
    • Lead Investors: Expa, Pantera Capital
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand the team and accelerate the development of core products.
  3. Series A
    • Amount Raised: $26M
    • Date: March 2021
    • Lead Investors: a16z crypto
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To enhance product offerings and scale operations.
  4. Series A (Additional)
    • Amount Raised: Not publicly disclosed
    • Date: July 2021
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further support product development and market expansion.
  5. Series B
    • Amount Raised: $60M
    • Date: July 2021
    • Lead Investors: Activant Capital, L Catterton
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To accelerate the product roadmap and consolidate financial tools into a single wallet.

Total Amount Raised: $94.5M. 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 businesses that are transforming their industries through technology and innovation.
    • Investment Focus Areas: Technology, Consumer Services, Financial Services
    • Notable Investments: Better.com, Deliverr
  • L Catterton
    • Details: L Catterton is a leading global consumer-focused private equity firm. They partner with management teams to build strong, category-leading brands.
    • Investment Focus Areas: Consumer, Retail, Technology
    • Notable Investments: Peloton, ClassPass
  • a16z crypto
    • Details: a16z crypto is the cryptocurrency arm of Andreessen Horowitz, a venture capital firm. They invest in crypto and blockchain technology companies.
    • Investment Focus Areas: Cryptocurrency, Blockchain Technology
    • Notable Investments: Coinbase, Dapper Labs, Uniswap
  • Lightspeed Venture Partners
    • Details: Lightspeed Venture Partners is a multi-stage venture capital firm. They invest in the enterprise, consumer, and health sectors.
    • Investment Focus Areas: Technology, Enterprise, Consumer, Health
    • Notable Investments: Snapchat, Nest, GrubHub, AppDynamics
  • LionTree Partners
    • Details: LionTree Partners is a merchant bank focused on media, technology, and telecommunications. They provide strategic advisory and capital-raising services.
    • Investment Focus Areas: Media, Technology, Telecommunications
    • Notable Investments: Spotify, Snap Inc.

What's Next for Eco?

Eco stands at the cusp of a significant opportunity, driven by a $60 million funding round and a waitlist of over 180,000 eager users. The company aims to consolidate all financial tools into a single wallet, a move that could revolutionize the digital wallet space. With backing from high-profile investors like Activant Capital and L Catterton, Eco is well-positioned to attract further investment, fueling its ambitious product roadmap.

However, the path forward is not without challenges. Integrating various financial tools into a unified platform is a complex task, and managing the demands of a large user base will require robust operational scaling. Additionally, competition in the fintech space is fierce, with numerous players vying for market share. Despite these hurdles, Eco's strong investor support and market interest suggest a promising future, potentially marked by strategic acquisitions and continued growth.

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