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Fomo Raises $75M at $550M Valuation in Series B Led by Index Ventures

2026-06-23 06:31:57

Crypto social trading startup Fomo raised $75 million in a Series B round led by Index Ventures, valuing the company at $550 million roughly a year after launch. Union Square Ventures and Benchmark co-invested, with angel investors including Zynga co-founder Mark Pincus, Eventbrite co-founder Kevin Hartz, and Discord CEO Humam Sakhnini.

Fomo has attracted over 625,000 traders since launch, generating $4 billion in trading volume and onboarding 68,000 first-time crypto buyers via Apple Pay. The company enables users to trade assets across multiple blockchains through a single interface with a social layer offering copy-trading and real-time position feeds.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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