Coinbase (COIN) has acquired Echo, a startup focused on Onchain capital formation, for approximately $375 million.
Founded by a longtime crypto figure known by the cobie pseudonym, Echo has helped projects raise more than $200 million in nearly 300 deals since launch.
The platform allows startups to raise funds directly from their communities, either privately or through public token sales using a product called Sonar.
In a statement Announcing the acquisition, Coinbase said the deal would help build a “full-stack” solution for crypto mining. For startups, this means easier access to capital and fundraising tools aligned with their user base. For investors, this opens the door to early-stage opportunities that are often gated behind private networks.
“Echo will remain a stand-alone platform under its current brand for now, but we will integrate Sonar’s publicly traded product with Coinbase, and likely introduce new ways for founders to access investors, and for investors to access opportunities on coinbase itself,” Cobie said in X.
Coinbase plans to expand the Echo infrastructure beyond crypto, eventually supporting tokenized securities and real-world assets, the company said.
The acquisition complements Coinbase’s earlier Purchase of Token Management Platform Liquifi. The exchange transfer will also come after it costs $25 millionn With the revival of Cobie’s podcast.
