Fomo Raises $75M Series B at $550M Valuation

Crypto startup Fomo raised $75 million in a Series B round led by Index Ventures, valuing the social trading and token discovery platform at $550 million. The round included Union Square Ventures, existing investor Benchmark and angel backers such as Zynga co-founder Mark Pincus, Eventbrite co-founder Kevin Hartz, Discord CEO Humam Sakhnini and Nexos AI co-founder Tomas Okmanas.

Fomo lets users trade assets across multiple blockchains without manually bridging funds or handling gas fees, and it shows trades by other users in real time so people can execute similar moves. Since launching a year ago the platform has attracted more than 625,000 traders, produced $4 billion in trading volume and logged 110 million social interactions.

More than 68,000 users made their first cryptocurrency purchase on the platform via Apple Pay, representing roughly $25 million in transaction volume.

fomo, series b, index ventures, union square, social trading, token discovery, cross-chain, apple pay, $75m, $550m valuation