Fomo raises $75M Series B, surpasses 625K users
6.6 Investments Fomo raised $75M in Series B at a $550M valuation, led by Index Ventures. The app boasts 625K+ users, $4B+ trading volume, gasless multichain trading, social features, and easy onboarding.
Fomo, a crypto trading app, has raised $75 million in a Series B funding round led by Index Ventures, with participation from Union Square Ventures, Benchmark, and notable angel investors. This round values Fomo at $550 million and brings its total disclosed funding to about $94 million. Launched in 2025, Fomo has attracted over 625,000 users and facilitated more than $4 billion in trading volume. The platform streamlines blockchain trading by eliminating gas fees, supporting multichain trading with a single balance, and offering fast onboarding via Apple Pay or email. Fomo also features social tools like leaderboards, trade feeds, copy trading, and real-time visibility into other traders' activities. Founded by a team with dYdX experience, Fomo aims to make DeFi tools accessible to mainstream users. The company charges a flat 0.5% fee per trade and will use the new funding to tackle technical challenges and grow its team.
