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Venture Capital News: Eco Scoops Up $60M

SAN FRANCISCO, CA, Activant Capital and L Catterton are co-leading a new $60 million fundraising round in Eco.
The new financing comes just months after the company's $26 million fundraise announced in March. They're joined by many of Eco's existing investors, including a16z Crypto, as well as a number of new faces: Lightspeed Venture Partners, LionTree Partners, Valor Equity Partners, and dozens of others.

Eco is a digital wallet for saving and spending. It replaces checking accounts, credit cards, and more with a single product that rewards you every time you save, spend, or send your money. Eco leverages a novel business model aligned with customers, unlike anything else in the market.
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