# Echo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/echo-2

- Industry: Telecoms
- Headquarters: Shenzhen, China
- Website: www.app-echo.com
- Latest round: Series A (Dec 1, 2013)
- Investors on record: 1

## About

Echo provides an innovative 3D music platform that enhances social interaction through music, allowing users to engage in real-time experiences and customizable audio features.Echo operates a platform focused on music and social interaction. The company was founded by Lyubomyr Reverchuk and Max Antoniuk and is headquartered in Shenzhen, China. In January 2016, Echo raised USD 30 mn in Series C financing from Enlight Media, bringing the total amount raised to USD 30 mn, reflecting a current company valuation of USD 150 mn.Echo specializes in a diverse array of products and services centered around music and social interaction. Its core offerings include a 3D music platform that enhances user experience through immersive sound technology and a social interaction feature allowing users to engage via real-time comments during music playback. Echo also provides customizable ringtones, voice modulation recording services, and a KTV (Karaoke TV) platform for group singing experiences, targeting music enthusiasts and social media users primarily in Asia and Europe.The company generates revenue through a multi-faceted transaction model, which includes direct-to-consumer sales and subscription services. Customers can purchase individual ringtones and access the KTV platform on a pay-per-use basis, while subscription plans offer enhanced features and exclusive content for a recurring fee. This pricing structure aims to appeal to a broad audience, ensuring accessibility and encouraging engagement with their flagship services. Revenue is linked to the volume of transactions processed through these channels, reflecting demand for innovative music and social interaction solutions.Moving forward, Echo plans to launch new products designed to enhance its music platform and social interaction capabilities. The recent USD 30 mn funding round will be utilized to support these initiatives. Additionally, Echo is targeting expansion into new markets in Europe and North America by the end of 2017 to capitalize on growing demands for music-related social engagement.

## Funding rounds

- Series A, Dec 1, 2013 — BlueRun Ventures

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A