Coinbase Buys Startup Fundraising Firm Echo for $375M
Coinbase (COIN) has acquired Echo, a startup focused on onchain capital formation, for approximately $375 million.
Founded by a longtime crypto figure known by its Cobie pseudonym, Echo has helped projects raise over $200 million across roughly 300 deals since launch.
The platform allows startups to raise funds directly from their communities, either privately or through self-hosted public token sales using a product called Sonar.
In a statement announcing the acquisition, Coinbase said the deal would help it build a “full-stack” solution for crypto fundraising. For startups, that means easier access to capital and tools that align fundraising with their user base. For investors, it opens the door to early-stage opportunities that were…
