Fomo raises $75M at $550M valuation

• Fomo raised US$75 million in a Series B funding round led by Index Ventures, valuing the company at US$550 million.
• The social trading platform said it has attracted more than 625,000 traders and generated US$4 billion in trading volume.
• The funding adds to continued venture capital investment in crypto startups during 2026.

Fomo, a social trading and token discovery platform, raised US$75 million in a Series B funding round led by Index Ventures that valued the company at US$550 million.

The funding round included participation from Union Square Ventures, Benchmark and several angel investors as crypto venture funding activity continued through 2026.

“More than 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay,” said Fomo in its announcement.

Fomo said it has attracted more than 625,000 traders since launching a year ago, generating US$4 billion in trading volume and 110 million social interactions across its platform.

The company said its platform allows users to trade assets across multiple blockchains without manually bridging funds or managing gas fees, while Following the announcement Fomo remains a privately held company and its shares do not publicly trade.

According to RootData, crypto startups raised US$4.1 billion across 147 funding rounds during the second quarter, highlighting continued venture capital activity in the sector.

Earlier this month, Fomo launched perpetual futures powered by Hyperliquid (CRYPTO:HYPE) for users outside the United States and reported that referral payments to users had surpassed US$2 million.

At the time of reporting, Hyperliquid price was $66.36.