FOMO Raises $75M at $550M Valuation as Top Silicon Valley Investors Bet on Social Trading

FOMO, a fast-growing social trading platform built around onchain markets, has raised $75 million in a Series B round that values the company at $550 million.

The round was led by Index Ventures, with participation from Union Square Ventures, signaling growing investor confidence in a new generation of crypto-native trading platforms that blend finance, social media, and consumer technology.

Several prominent angel investors also joined the raise, including Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz.

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Betting on the Future of Social Finance

Founded by former dYdX executives Paul Erlanger, Se Yong Park, and Prashan Dharmasena, FOMO is attempting to reimagine how retail traders discover and execute trades.

Rather than focusing solely on charts and order books, the platform combines trading with social features such as live trade feeds, leaderboards, copy trading, and community-driven discovery tools.

The app supports multichain trading, offers gasless transactions, and allows users to onboard using familiar payment methods such as Apple Pay, lowering barriers for newcomers entering crypto markets.

FOMO says users maintain custody of their assets while accessing a wider range of tradable assets than many traditional crypto exchanges.

Rapid Growth Draws Investor Attention

The company launched publicly in May 2025 and quickly gained traction among retail traders. Following a $17 million Series A led by Benchmark in late 2025, FOMO has now secured one of the largest venture rounds in the consumer crypto sector this year.

According to the company, the platform is currently attracting roughly 3,500 new users per day while continuing to grow both trading activity and revenue.

The latest financing brings total capital raised to nearly $100 million.

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The investor lineup highlights a broader trend emerging across digital assets.

While venture capital activity in crypto slowed during the recent market cycle, investors are increasingly backing products that focus on user experience, distribution, and mainstream adoption rather than infrastructure alone.

FOMO sits at the intersection of several growing trends: social investing, mobile-first trading, creator-led communities, and onchain finance.

The company is competing against both traditional exchanges and newer trading experiences, including Telegram-based trading bots that have captured significant retail activity over the past year.

What's Next

FOMO plans to use the new capital to expand its engineering team, accelerate product development, and explore strategic acquisitions.

The founders have also hinted at ambitions that extend beyond crypto, positioning the platform as a broader financial application that could eventually serve users across multiple asset classes.

With backing from some of Silicon Valley's most influential investors, FOMO is now one of the most highly valued startups in the emerging social-finance category—and a sign that venture capital remains eager to fund consumer products capable of bringing the next wave of users onchain.