Crypto Trading App Fomo Raises $75 Million Series B at $550 Million Valuation
Fomo, a crypto trading app, raised $75 million in a Series B round led by Index Ventures with participation from Union Square Ventures. Benchmark also backed the financing, and Fortune reported the round values the company at $550 million.
Founded by former employees of dYdX, a crypto exchange, Fomo aims to simplify trading on blockchain networks and expand into tokenized stocks, derivatives and other blockchain-based assets.
From the sources (10 posts)
@degeneratenewsNEW: INDEX VENTURES, UNION SQUARE VENTURES BACK TRADING APP @fomo AT $550 MILLION VALUATION SOURCE: FORTUNE -
@andy8052RT @fomo: We have raised a $75M Series B from @IndexVentures and @usv, with continued support from @benchmark!
@tyler_did_itFomo App raises $75M Series B at a whopping $550M valuation led by Union Square Ventures Massive raise for the team as they continue to evolve from onchain meme trading app into everything app
@frankdegodsRT @fomo: We have raised a $75M Series B from @IndexVentures and @usv, with continued support from @benchmark!
@theblockcoCrypto trading app Fomo raises $75 million at $550 million valuation in Index Ventures-led Series B: report
@andy8052Fomo team has been nothing but a class act from the moment I met them Lucky to be able to support them and also a very happy user of the app gFomo
@wublockchainCrypto 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 co
@deezeLove to see it (I am not an investor sadly but still love to see solid teams win)
@primordialaaAbsolute killers, have done such an amazing job to date. Love to see it
@insider0xRT @fomo: We have raised a $75M Series B from @IndexVentures and @usv, with continued support from @benchmark!