Fomo Raises $75M Series B at $550M Valuation

Fomo, a crypto trading platform, has raised $75 million in a Series B funding round, bringing its total valuation to $550 million. The company, which provides an online and mobile application for simplifying digital asset trading, aims to broaden access to various financial assets on the blockchain.

Investors

The round was led by Index Ventures, with participation from Union Square Ventures, Mark Pincus, Humam Sakhnini, and Kevin Hartz.

Fomo Use of Funds

Fomo plans to use the new capital to hire more engineers to support its global growth and platform development. The company is also considering the acquisition of smaller companies to further its market reach.

About Fomo

Founded in 2025 by Paul Erlanger, Se Yong Park, and Prashan Dharmasena, Fomo is a trading application designed to simplify the onboarding and execution process for digital asset trading. The platform offers features such as leaderboards and social trading integrations to create a user-friendly experience for both crypto-native and novice traders.

Funding Details

Company Website: https://fomo.family

Company: Fomo
Raised: $75M
Round: Series B
Funding Date: June 2026
Lead Investor: Index Ventures
Additional Investors: Union Square Ventures, Mark Pincus, Humam Sakhnini, Kevin Hartz
Software Category: Fintech
Source: https://fortune.com/2026/06/22/fomo-series-b-fundraise-index-ventures-union-square-ventures/