Fomo Scores $75M at $550M Valuation, Wins Over Traditional VCs

Fomo, a trading app, has raised $75 million in its Series B funding round at a valuation of $550 million. The investment was led by Index Ventures and also participated by Union Square Ventures. Notable angel investors include Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz.

Fomo's app launched in May 2025, but this funding round is a significant milestone for the company, which has grown rapidly since its Series A round in November 2025. The founders come from dYdX, a decentralized perpetuals exchange, and have experience in building high-traffic trading platforms.

The app offers multichain, gasless trading across different blockchains without charging transaction fees. Fomo has built-in leaderboards, trade feeds, copy trading, and social sharing features. The company claims to offer a greater variety of tradable assets than traditional exchanges like Coinbase.