Crypto startup Fomo has raised $75 million in a Sequence B funding spherical led by endeavor capital company Index Ventures, which valued the social buying and selling and token discovery platform at $550 million.
The funding spherical also got participation from Union Sq. Ventures and the company’s modern investor, Benchmark, alongside with angel traders including Zynga co-founder Set apart Pincus, Eventbrite co-founder Kevin Hartz, Discord CEO Humam Sakhnini, Nexos AI co-founder Tomas Okmanas and others, Fomo announced on Monday.
Fomo lets in users to alternate resources across numerous blockchains without a must manually bridge funds or address gas fees. The company talked about it has attracted more than 625,000 traders since launching a 365 days within the past, generating $4 billion in buying and selling volume and 110 million social interactions.
The enhance provides to a rising list of crypto endeavor offers in 2026, even as digital asset prices live below modern highs. Essentially essentially based on RootData, crypto startups raised $4.1 billion across 147 funding rounds for the length of the second quarter.
Crypto and Web3 funding by quarterly sum. Supply: Root Records
Fomo says 68,000 users made first crypto aquire on platform
Fomo talked about more than 68,000 users made their first cryptocurrency aquire on the platform the utilization of Apple Pay, representing roughly $25 million in transaction volume.
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Crypto compare company Delphi Digital talked about in a December X post that the platform’s social parts will likely be serving to appeal to users by making buying and selling feel “more bask in scrolling a feed than sitting at a terminal.”
“In November, @fomo_family generated more month-to-month fees than Moonshot, despite being a younger product with lower fees,” Delphi Digital wrote.
Supply: Delphi Digital
Fomo lets in users to note trades made by diversified users in right time and attain connected trades across numerous blockchains without manually bridging resources or managing separate wallets.
Various crypto exchanges offering reproduction-buying and selling parts include Binance, Bybit, OKX, Bitget, BingX, MEXC, Gate.io, KuCoin, Phemex and BitMart.
On June 11, Fomo launched perpetual futures contracts powered by Hyperliquid for users outdoor the United States. On June 2, the company talked about it had surpassed $2 million in referral fees paid to users.
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