Big VCs Back Fomo’s Crypto Trading App With $75M Round
Fomo has landed $75 million in Series B funding led by Index Ventures, putting the crypto trading app’s valuation at $550 million. The New York-based company picked up capital from Union Square Ventures, Benchmark, and angels like Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz. Fomo says it aims to make on-chain trading appeal to the broader market. Crypto startup funding slows as market shifts. Galaxy Research said crypto and blockchain startups raised about $4 billion across 355 deals in Q1 2026—about half the amount from the previous quarter. Trading, exchange, investing and lending businesses still got most of the money.