Cryptocurrency buying and selling app Fomo has raised $75 million in a Sequence B funding spherical led by Index Ventures because it seems to be to increase past digital asset buying and selling.
The spherical valued Fomo at $550 million and included participation from Union Sq. Ventures and present investor Benchmark. Angel traders embrace Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz.
This funding brings Fomo’s complete disclosed funding to roughly $94 million. The corporate beforehand secured a $17 million Benchmark-led Sequence A in November 2025, bringing its complete funding to $19 million at the moment.
Fomo plans to make use of the brand new funding to increase its engineering group and will pursue acquisitions of smaller firms. The platform at present employs 17 individuals and is including about 3,500 customers each day, based on the corporate’s founders.
The startup additionally needs to maneuver past cryptocurrencies, as shares, derivatives, and different monetary belongings are more and more moved on-chain. Fomo added perpetual futures in June, and co-founder Paul Erlanger stated the long-term purpose is to make sure the platform is not seen as only a crypto app.
Based in 2025 by former dYdX staff Erlanger, Se Yong Park, and Prashan Dharmasena, Fomo gives transactions throughout a number of blockchains by way of a single interface. Customers can sign up with their Apple ID or electronic mail and transact with out manually managing bridges or gasoline charges. The app additionally contains dealer leaderboards, exercise feeds, and social sharing instruments.
Fomo stated greater than 625,000 individuals have joined the platform since its launch, producing greater than $4 billion in buying and selling quantity and 110 million social interactions. The corporate additionally introduced that 68,000 customers made their first crypto purchases by way of Apple Pay integration, with purchases reaching $25 million.
The platform operates in a non-custodial construction and doesn’t immediately maintain buyer funds. The founders imagine this mannequin will give Fomo better flexibility because it strives to develop into a broader gateway for buying and selling belongings issued on blockchain networks.
