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: Read source · coindesk.com
Seed
2021-03 $26MSource: Read source · techcrunch.com
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
Market / IPO context
Editorial / static context — not a live quote.
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.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.