fomo Valuation, Funding & Investors

fomo is valued at $550M as of June 2026.

See full fomo profile

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

fomo Overview

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

United StatesNew York City, NY

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

fomo valuation by funding round
DateStageValuation
Jun 2026Series 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

fomo funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series BIndex 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$550MFomo, 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 2026Undisclosed stage-$67M--
Nov 2025Series ABenchmark (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 2025Pre-seedAnand 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

Investors in fomo by funding rounds participated
InvestorHQRoundsRoleFirst check
Anand KhubaniUnited StatesPhiladelphia, PA1ParticipantFeb 2025
Amy Wu MartinUnited StatesSan Francisco, CA1ParticipantFeb 2025
Humam SakhniniUnited KingdomLondon1ParticipantJun 2026
Index VenturesUnited KingdomLondon1LeadJun 2026
Kevin HartzUnited StatesSan Francisco, CA1ParticipantJun 2026
Balaji SrinivasanSingaporeSingapore1ParticipantFeb 2025
Curtis ChengUnited StatesNew York City, NY1ParticipantFeb 2025
Aaron HarrisUnited StatesUnited States1ParticipantFeb 2025
Tomas OkmanasLithuaniaVilnius1ParticipantJun 2026
Bryan PellegrinoCanadaVancouver1ParticipantFeb 2025
Alex CasimoUnited KingdomLondon1ParticipantJun 2026
Mark PincusUnited StatesAspen, CO1ParticipantJun 2026
Union Square VenturesUnited StatesNew York City, NY1ParticipantJun 2026

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions 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

Mobula Labs
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 CountryFrance
HQ City
Paris
Deal Date31 Aug 2026
Valuation$17M
EV/Revenue
EV/EBITDA

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fomo Competitors

fomo competitors include listed companies like Rhino Bitcoin and Indokripto Koin Semesta, and private ones like Freechat, Ledn, ether.fi and Tonal.

Public and private companies comparable to fomo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
FreechatHong KongHong KongPrivate$40M-$800M20.0x
LednCanadaTorontoPrivate$100M-$540M5.4x
ether.fiCayman IslandsCayman IslandsPrivate$100M-$570M5.7x
TonalUnited StatesSan Francisco, CAPrivate--$575M-
Rhino BitcoinUnited StatesUnited StatesPublicly listed$478K($417K)$594M-
Indokripto Koin SemestaIndonesiaIndonesiaPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Stewards------
VNG Corp.$420M$23M1.4x-25.5x-
Hello Group$1.5B$215M----
Bumble$966M($793M)0.8x0.9x(1.0x)2.9x
Truecaller$195M$61M3.2x3.4x10.2x11.8x
Coincheck Group$3.1B$354K0.2x0.2x1312.3x(189.0x)

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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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