Social trading platform Fomo raises $75M, reaches $550M valuation
Cointelegraph 2026-06-22 13:42:45
Context: Crypto startup Fomo, a social trading and token discovery platform, has raised $75 million in a Series B funding round, led by Index Ventures, valuing the company at $550 million. The platform allows users to trade assets across multiple blockchains without manual bridging or gas fees, and has attracted over 625,000 traders since its launch a year ago. This funding round is part of a growing trend of crypto venture deals in 2026.
Key Facts
- Fomo has raised $75 million in a Series B funding round led by Index Ventures, which valued the social trading and token discovery platform at $550 million.
- The funding round also received participation from Union Square Ventures, Benchmark, and angel investors including Zynga co-founder Mark Pincus, Eventbrite co-founder Kevin Hartz, and Discord CEO Humam Sakhnini.
- Fomo has attracted more than 625,000 traders since launching a year ago, generating $4 billion in trading volume and 110 million social interactions, with over 68,000 users making their first cryptocurrency purchase on the platform using Apple Pay.
- The platform allows users to view trades made by other users in real time and execute similar trades across multiple blockchains without manually bridging assets or managing separate wallets.
- According to RootData, crypto startups raised $4.1 billion across 147 funding rounds during the second quarter of 2026, indicating active venture funding in the crypto space.