Fomo, a social crypto trading platform, has secured $75 million in a Series B funding round led by Index Ventures. The round, which also saw participation from Union Square Ventures and existing investor Benchmark, values the company at $550 million. The funding comes after Fomo attracted over 625,000 users and processed $4 billion in trading volume within its first year, generating more than 110 million social interactions.
Angel investors including Zynga co-founder Mark Pincus, Eventbrite co-founder Kevin Hartz, Discord CEO Humam Sakhnini, and Nexos AI co-founder Tomas Okmanas also contributed. The platform emphasizes simplicity, allowing users to trade across multiple blockchains without managing bridges, gas fees, or separate wallets—access is possible via Apple ID or email. Notably, over 68,000 users made their first crypto purchase through Apple Pay, representing roughly $25 million in volume.
The funding underscores continued venture interest in consumer-focused crypto products, with the sector raising $4.11 billion across 148 rounds in Q2 according to RootData. Fomo’s approach, which blends trading with a social feed where users see real-time transactions from their network, has drawn attention from Delphi Digital for making trading feel “more like scrolling a feed than sitting at a terminal.” The platform also recently expanded into perpetual futures powered by Hyperliquid for non-U.S. users.
The raise adds to a series of large June financings, including Digital Asset Holdings’ $355 million round and Neura Robotics’ up to $1.4 billion Series C. Fomo’s investors have backgrounds in consumer platforms like Robinhood, Coinbase, Instagram, and Snapchat, signaling confidence in bridging crypto to mainstream audiences.
