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

Consumer crypto trading app Fomo has raised $75 million in a Series B funding round led by Index Ventures, valuing the company at $550 million. Union Square Ventures participated alongside angel investors including Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz. The round brings Fomo's total disclosed funding to approximately $94 million, following a $17 million Series A in November 2025.

Founded in 2025 by former dYdX employees Paul Erlanger, Se Yong Park, and Prashan Dharmasena, Fomo compresses crypto onboarding to roughly 30 seconds and offers social trading features such as leaderboards and trade feeds. The non-custodial platform supports multiple blockchains and removes the need for users to manage bridges or gas fees directly. Fomo is currently onboarding approximately 3,500 new users daily and recently listed perpetual futures contracts.