Fomo lands $75 million, hitting $880 per user valuation for crypto trading app
Fomo’s $75 million Series B sets a private-market value for consumer crypto trading, not just another funding headline. The New York company raised at a $550 million valuation, FinTech Futures said this week. Index Ventures led the round, with Union Square Ventures and Benchmark also in, according to the report. Based on company numbers, the price comes to about $880 per reported user and 13.75 cents per cumulative dollar traded. Fomo said it had over 625,000 people join since launch, with total trading volume above $4 billion and 110 million unique social interactions. That’s around $6,400 traded and 176 social actions for every reported user.