Crypto trading app Fomo has raised $75 million in a Series B funding round led by Index Ventures as the company looks to expand beyond digital asset trading.
The round valued Fomo at $550 million and included participation from Union Square Ventures and existing investor Benchmark. Angel investors included Zynga cofounder Mark Pincus, Discord CEO Humam Sakhnini and Eventbrite cofounder Kevin Hartz.
The latest raise brings Fomo’s total disclosed funding to roughly $94 million. The company previously secured a $17 million Series A led by Benchmark in November 2025, bringing its funding at the time to $19 million.
Fomo plans to use the new capital to expand its engineering team and could pursue acquisitions of smaller companies. The platform currently employs 17 people and is adding around 3,500 users each day, according to the company’s founders.
The startup also wants to move beyond cryptocurrencies as stocks, derivatives and other financial assets increasingly move onchain. Fomo added perpetual futures in June, with cofounder Paul Erlanger saying the long term goal is for the platform not to be viewed solely as a crypto app.
