Overview
- The company announced a $75 million Series B that values Fomo at $550 million, with Index Ventures leading and participation from Union Square Ventures, Benchmark, and several noted angel investors.
- Fomo reported roughly 625,000 users and more than $4 billion in cumulative trading volume, plus about 110 million social interactions on its feed-style app.
- The funding was disclosed on Monday, June 22, 2026, and the founders said the capital will be used to hire engineers, pursue acquisitions, and build new on‑chain financial products.
- Fomo’s app combines non‑custodial, multichain, gasless execution with social features like leaderboards, trade feeds, copy‑trading, and one‑click onboarding via Apple Pay, and it introduced perpetual futures for non‑U.S. users in June.
- Investors see the round as a vote of confidence from mainstream venture firms in consumer-facing crypto tools during a slow funding period, which could push the app toward competing with centralized exchanges and broader on‑chain finance offerings.