Eco Raises $26M in Funding

Eco, a San Francisco, CA-based digital crypto app, raised $26m in funding.

The round, which brought total funding raised to date to $35m, was led by Andreessen Horowitz’s a16z Crypto with participation from Activant Capital, Founders Fund, Coinbase Ventures, Slow Ventures, Tribe Capital, Valor Capital Group and over one hundred other funds and angels. Expa and Pantera Capital also invested in Eco.

The company intends to use the funds to continue to expand operations, its business reach and its development efforts.

Led by Co-Founder Andy Bromberg, Eco is beginning with a crypto app providing a wallet that rewards users anytime they save or spend dollars and featuring a checking account and a credit card.

To know a bit more about the startup, have a look at a post by Andreessen Horowitz’s  Katie Haun and Arianna Simpson here.