Startup profile · funding coverage
Eco funding, valuation and investors
Digital wallet and savings platform with crypto-linked rewards.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$60M · July 2021
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$86M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b
Investors in latest funding
Lead: Activant Capital
Overview
Eco built a consumer digital wallet and savings platform rewarding users for spending and saving, integrating cryptocurrency incentives into everyday financial behavior. In March 2021 Eco raised a $26M seed round led by Andreessen Horowitz's crypto fund with Founders Fund and Slow Ventures participating. The company raised a reported $60M Series B in July 2021 led by Activant Capital and L Catterton with a16z and Lightspeed re-upping. Eco launched during peak crypto consumer adoption; subsequent market downturn challenged crypto-rewards banking models industry-wide.
Why Eco is interesting
Eco tried consumer finance with cashback-style crypto rewards — a16z Crypto led $26M seed (2021) with Founders Fund and Slow; sector retrenched after peak hype.
Product & use cases
Consumer wallet combining savings, spending rewards, and crypto-native incentives — positioned as alternative to traditional checking with programmable rewards.
- Consumer savings with reward incentives
- Crypto-linked cashback and loyalty for spending
- Mobile-first alternative banking experience
Key facts
- Seed (Mar 2021): $26M led by a16z Crypto (TechCrunch)
- Series B (Jul 2021): $60M; a16z, Lightspeed participated (CoinDesk)
- Consumer crypto-rewards wallet thesis
Funding history (newest first)
Series B
2021-07 $60M- Activant Capital (lead)
- Andreessen Horowitz (participant)
- Lightspeed Venture Partners (participant)
Source: https://www.coindesk.com/business/2021/07/21/eco-raises-60m-series-b/
Investors in our directory
Funds linked from Eco's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Top-tier crypto-era syndicate (a16z, Founders Fund, Lightspeed) at 2021 peak; first-mover crypto rewards wallet positioning.
Crypto consumer fintech raised heavily in 2021 then faced regulatory and market headwinds. Eco's large seed/B from elite funds reflected timing more than durable moat vs. Cash App scale. Operational status should be verified on eco.com.
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Cash App direct
Consumer fintech with Bitcoin features at massive scale.
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Chime / Current direct
Neobanks without crypto rewards focus.
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Crypto.com / exchange apps adjacent
Crypto-first with card rewards.
Notable stories
- TechCrunch covered March 2021 seed as a16z Crypto consumer fintech bet.
- Series B three months later reflected frenetic 2021 crypto consumer funding pace.
Industries
Related funding articles
Venture Capital Tracker pieces that cover Eco's financing or category context.
FAQs about Eco
Practical answers founders, operators, and investors typically search for.
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