Crypto trading platform Fomo raised $75 million in a Series B round led by Index Ventures and plans expansion into tokenized stocks and onchain assets.
Crypto trading startup Fomo has raised $75 million in a Series B funding round. Fortune reported that Index Ventures led the investment. The new funding has valued the company at $550 million. The agreement is part of Fomo’s strategy to diversify its business beyond crypto trading to other financial products in the blockchain space.
The funding round attracted several well-known investors. Union Square Ventures also took part in the event, apart from Index Ventures. Other backers included Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz. This has brought Fomo’s total funding to approximately $94 million.
Why Are Investors Betting on Fomo?
The funding landscape for crypto startups has been challenging over the past few years. But, Fomo was able to attract major venture firms. This reflects the increasing trust in platforms that allow blockchain trading to be more accessible to the general public.
Crypto Trading App Fomo Raises $75M Series B at $550M Valuation
Fortune reported that crypto trading app Fomo has raised $75 million in a Series B round led by Index Ventures, with participation from Union Square Ventures, valuing the company at $550 million. Founded by former… pic.twitter.com/MvbT2AsW1y
— Wu Blockchain (@WuBlockchain) June 22, 2026
Index Ventures has a history of investing in tech startups like Figma and Scale AI. The firm has also supported blockchain initiatives in the past. For example, it invested in Bridge, a stablecoin company that Stripe acquired for $1.1 billion in 2025.
Read more: What Is Asset Tokenization on Blockchain? Fundamentals and How It Works – Ledger Tribune
Partner at Index Ventures Julia Andre gave a breakdown of the investment decision. The company is witnessing a significant change in the market for blockchain trading, she said. As a result, investors think that Fomo has the potential to ride the next wave of growth.
With the new investment, Fomo will have more resources to grow its products and services. It also bolsters the firm’s presence in the fast-expanding digital asset sector.
What Does Fomo Offer to Users?
Fomo is a social-first trading platform that aims to make onchain trading easier. The company’s goal is to eliminate numerous technical barriers that can deter new entrants from the crypto market.
Most crypto exchanges will have users handle wallets and move assets across networks. Moreover, users frequently need to grasp gas fees and blockchain operations.
It was established in 2025 and is headquartered in New York. It was founded by dYdX’s former employees Paul Erlanger, Se Yong Park, and Prashan Dharmasena. They learnt from their experience and developed a platform that would facilitate trading.
Since its inception, Fomo has been an extremely fast-growing company. The company already has over 600,000 users. Moreover, it has created more than $4 billion in lifetime trading volume.
These numbers highlight strong demand for simple blockchain trading tools. Therefore, the investors consider Fomo as a good company in the digital finance industry.
How Will Fomo Use the New Funding?
Fomo plans to use the new capital to grow its business. The company plans to increase its staff and development team. This will enable further product launches and platform enhancements.
The company is also exploring possible acquisitions. The deals might enable Fomo to grow faster and consolidate its market position.
Meanwhile, Fomo is looking to go beyond cryptocurrency trading. The company will provide tokenized stocks, derivatives, and other financial products on the blockchain. This approach is a reflection of the increasing interest in tokenized assets in the financial sector.
Many businesses are now recognizing tokenization as a key trend. Supporters feel blockchain-based assets can enhance access and improve efficiency. Hence, Fomo is looking to create a wider financial system onchain.
Fomo is now well funded, has a growing user base and is well supported by investors, and is ready to expand to the next level. The company is looking to become a top platform for digital and tokenized financial assets as blockchain adoption grows.
Bilal Hassan is a seasoned crypto journalist with over five years of experience covering blockchain, digital assets, and global fintech trends. His work focuses on market developments, regulatory shifts, and the evolving landscape of cryptocurrency adoption worldwide.