- Companies
- fomo
Last fomo valuation
$550M
Series B · Jun 2026
Last fomo funding round
$75M
Series B · Jun 2026
Cumulative funding fomo raised
$161M
across 4 funding rounds
Key investors in fomo
Index Ventures
Union Square Ventures
Benchmark
Balaji Srinivasan
Mark Pincus
Julia Hartz
About fomo
Fomo is a consumer crypto trading platform enabling cross-chain trading of digital assets across blockchains including Solana, Ethereum, Bitcoin, Base, and BNB Chain, without bridges or gas fees. The app includes social features that let users follow top traders, integrates Apple Pay for funding trades, and charges a 0.5% transaction fee. Its team includes engineers and operators from dYdX, Uniswap, OpenSea, Square, and Two Sigma.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$550M (Jun 2026)
fomo Valuation
fomo is currently valued at $550M, based on its Series B in June 2026.
The $75M round was led by Index Ventures, with participation from Humam Sakhnini, Kevin Hartz, Tomas Okmanas, Alex Casimo, Mark Pincus and 7 other investors.
fomo valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Series B | $550M |
fomo Funding History
fomo has raised a total of $161M across 4 funding rounds.
fomo's first fundraising round was a $2M pre-seed round in February 2025. The most recent completed round was a $75M Series B in June 2026.
fomo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series B | Index Ventures (lead); Humam Sakhnini; Kevin Hartz; Tomas Okmanas; Alex Casimo; Mark Pincus; Union Square Ventures; Jack Randall; Stephane Kurgan; Julia Hartz; Patrick Kavanagh; Antoine Le Nel; Jae Park | $75M | $550M | Fomo, a crypto trading platform specializing in DeFi DEX trading, raised $75 million in a Series B funding round in June 2026 at a $550 million post-money valuation. The round was led by Index Ventures, with participation from Union Square Ventures (USV), Mark Pincus, Humam Sakhnini (CEO of Discord), and Kevin Hartz. This investment brings Fomo's total valuation to $550 million, marking a significant step in its growth following a $17 million Series A led by Benchmark and a seed round supported by 140 angel investors including key figures from Polygon Labs, Coinbase, and Solana. The strategic rationale centers on Fomo's positioning to capture crypto market 'FOMO' (fear of missing out) through its trading app, leveraging the credibility of top-tier venture capital and high-profile angel investors in the blockchain ecosystem. Fomo operates as a fintech software company focused on crypto trading, with no disclosed revenue or EBITDA figures as of the funding date. The deal structure appears to be a standard equity round with no public mention of earn-outs or stock/cash splits. Previous ownership included Benchmark (Series A) and a diverse angel group; the company remains independent with no announced expansion plans or employee count disclosed. Operational scale is defined by its DeFi DEX trading focus within the broader crypto trading platform market. |
| Jun 2026 | Undisclosed stage | - | $67M | - | - |
| Nov 2025 | Series A | Benchmark (lead) | $17M | - | Fomo is a consumer crypto trading app enabling cross-chain trading of millions of assets without bridges or gas fees, launched in May 2025. It features social functions to follow top traders, Apple Pay integration, and a 0.5% transaction fee. The app supports blockchains like Solana, Ethereum, Bitcoin, Base, and BNB Chain. Fomo raised a $17 million Series A led by Benchmark in November 2025, bringing total funding to $19 million after an initial angel round from 140 investors including Solana co-founder Raj Gokal and Polygon CEO Marc Boiron. Benchmark partner Chetan Puttagunta led the institutional investment, marking a rare crypto bet for the firm known for backing Uber, Twitter, and Instagram. By the Series A announcement, Fomo achieved explosive growth with over 120,000 users, 35,000 traders, $20-40 million daily trading volume, and $150,000 daily revenue. Apple Pay integration drove volume from $150K to $40M daily. The funds will drive expansion and simplify crypto trading. |
| Feb 2025 | Pre-seed | Anand Khubani; Amy Wu Martin; Balaji Srinivasan; Curtis Cheng; Aaron Harris; Bryan Pellegrino; Arnold Lee; cited; Alex Xu; Chris Zhu; Alexander Pack; Aadil Mamujee | $2M | - | Fomo is a next-generation on-chain trading platform built by engineers and operators from dYdX, Uniswap, OpenSea, Square, and Two Sigma. The platform provides seamless on-chain trading with cutting-edge features, secure and transparent blockchain transactions, and is designed for superior user experience in decentralized finance. It was in closed alpha testing with a waitlist exceeding 95,000 users as of February 2025. Fomo raised $2 million in a pre-seed funding round on February 19, 2025, with participation from over 140 angel investors including prominent figures in the crypto ecosystem. The funds are allocated to finalizing product development, expanding the team, and scaling operations ahead of the public launch. The company encourages community engagement on X and Telegram for updates. |
Who has invested in fomo?
26 investors have backed fomo across its funding rounds, including Index Ventures, Union Square Ventures, Benchmark, Balaji Srinivasan, Mark Pincus and Julia Hartz.
Lead investors include Index Ventures and Benchmark.
fomo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Lead | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
This data is available for Pro users. Sign up to see all 26 fomo investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by fomo
fomo has acquired 1 company to date.
Last acquisition by fomo was on August 31st 2026. fomo acquired Mobula Labs for $17M.
Latest Acquisitions by fomo
| Description | Mobula Labs is a provider of advanced blockchain data services including Octopus Market Data, Metacore for wallet and metadata, flexible REST, GraphQL, and SQL interfaces, plus an open-source tracking platform with decentralized listings, Web3 authentication, and DeFi integration. |
| HQ Country | |
| HQ City | Paris |
| Deal Date | 31 Aug 2026 |
| Valuation | $17M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all fomo acquisitions and their M&A valuation multiples. Start Free Trial | |
fomo Competitors
fomo competitors include listed companies like Rhino Bitcoin and Indokripto Koin Semesta, and private ones like Freechat, Ledn, ether.fi and Tonal.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $40M | - | $800M | 20.0x | ||
| Private | $100M | - | $540M | 5.4x | ||
| Private | $100M | - | $570M | 5.7x | ||
| Private | - | - | $575M | - | ||
| Publicly listed | $478K | ($417K) | $594M | - | ||
| Publicly listed | $16M | $7M | $609M | - |
fomo Public Comps
fomo is still privately-owned, but its public comps include Rhino Bitcoin, Indokripto Koin Semesta, Stewards, VNG Corp., Hello Group, Bumble, Truecaller, Coincheck Group, Kurashiru and Bakkt.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| - | - | - | - | - | - | |||
| $420M | $23M | 1.4x | - | 25.5x | - | |||
| $1.5B | $215M | - | - | - | - | |||
| $966M | ($793M) | 0.8x | 0.9x | (1.0x) | 2.9x | |||
| $195M | $61M | 3.2x | 3.4x | 10.2x | 11.8x | |||
| $3.1B | $354K | 0.2x | 0.2x | 1312.3x | (189.0x) | |||
This data is available for Pro users. Sign up to see all fomo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about fomo
| When was fomo founded? | fomo was founded in 2024. |
| Where is fomo headquartered? | fomo is headquartered in New York City, NY, United States. |
| Is fomo publicly listed? | No, fomo is a private, VC-backed company. |
| What is fomo's valuation? | fomo was last valued at $550M in its Series B in June 2026. |
| How much funding has fomo raised? | fomo has raised $161M across 4 funding rounds. |
| What was fomo's last funding round? | fomo's last funding round was a $75M Series B in June 2026, led by Index Ventures. |
| Who are fomo's investors? | fomo's investors include Anand Khubani, Amy Wu Martin, Humam Sakhnini, Index Ventures, Kevin Hartz, Balaji Srinivasan, Curtis Cheng, Aaron Harris, Tomas Okmanas, Bryan Pellegrino and 16 others. |
| Which companies are comparable to fomo? | Companies comparable to fomo include Freechat, Ledn, ether.fi, Tonal, Rhino Bitcoin and Indokripto Koin Semesta. |
| How many companies has fomo acquired? | fomo has acquired 1 company, including Mobula Labs. |
| What was the largest acquisition by fomo? | The $17M acquisition of Mobula Labs in August 2026 is the largest acquisition fomo has made to date. |
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