Coinbase has acquired Echo, an onchain capital raising platform, for approximately $375 million, comprised of a mix of cash and stock.
Echo’s platform makes raising and investing more accessible to community members, either through a private Echo sale or a public sale that uses Sonar. By joining forces, Coinbase is making it easier for companies to raise funds and grow, and giving the community early access to unique investment opportunities.
Founded by Cobie, a crypto OG and long-time advocate for community-driven investing, Echo has pioneered tools that make fundraising more inclusive, transparent, and efficient.
While Coinbase will start with crypto token sales via Sonar, Coinbase plans to expand support to tokenized securities and real-world assets over time, leveraging Echo’s infrastructure.
Echo has already made strides in opening up private markets helping projects raise $200M+ over ~300 completed deals since launch. Its new self-hosted public token sale product Sonar has also seen early success, helping power Plasma’s XPL token sale.
Coinbase commented:
“With this acquisition, we’re building a full-stack solution for crypto projects and investors, covering everything from launch to fundraising to secondary trading.
- For builders: Easier access to capital and community-aligned fundraising tools like Echo for private investment groups and Sonar for self-hosted public token sales
- For investors: New, differentiated opportunities that were previously out of reach, either through a trusted platform like Echo or through direct offerings with Sonar
- For the onchain economy: A more efficient, transparent, and globally accessible capital market that drives innovation and growth.”
