Fomo
Summary active Updated Jun 22, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Fomo is a social-first consumer trading platform focused on crypto and consumer markets 12. The company was co-founded by Paul Erlanger, Se Yong Park, and Prashan Dharmasena 23.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-22 | Series B | $75M | Index Ventures | Union Square Ventures, Benchmark, Mark Pincus, Kevin Hartz, Julia Hartz, Humam Sakhnini, Tomas Okmanas, Antoine Le Nel, Sebastian Knutsson, Stephane Kurgan, Patrick Kavanagh, Jae Park, Alexander Casimo, Jack Randall 1234 |
The Series B values Fomo at approximately $550M post-money 23. Fomo’s own announcement reports more than 625,000 users in its first year, $4 billion+ in cumulative trading volume, and 68,000+ first-time crypto purchasers onboarded via Apple Pay 4.
What Investors Say
No independently sourced investor quotes are available from the announcement at this time.
What Founders Say
No independently sourced founder quotes are available from the announcement at this time.
Sources
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FinSMEs, “fomo Raises $75M in Series B Funding,” June 22, 2026. Accessed June 2026. https://www.finsmes.com/2026/06/fomo-raises-75m-in-series-b-funding.html↩↩
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Fortune, “Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation,” June 22, 2026. Accessed June 2026. https://fortune.com/2026/06/22/fomo-series-b-fundraise-index-ventures-union-square-ventures/↩↩↩↩
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Crypto Briefing, “Index Ventures, Union Square Ventures back FOMO at $550M valuation in $75M Series B,” June 22, 2026. Accessed June 2026. https://cryptobriefing.com/fomo-series-b-550m-valuation/↩↩↩
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fomo, “fomo Series B led by Index Ventures,” June 22, 2026. Accessed June 2026. https://fomo.family/blog/fomo-series-b/↩↩