Activant Capital and L Catterton are co-leading a new US$60 million fundraising round in Eco, as detailed in the company’s press release. 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, as well as 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.
Latham & Watkins LLP represents Activant Capital in the transaction with a New York-based team led by partners Stelios Saffos and Jane Greyf, with associate Teddy Ellison.