Crypto trading app Fomo announced today a $17 million Series A funding round led by Benchmark, according to the company’s official blog. The investment aims to accelerate Fomo’s growth as it continues developing tools that simplify and socialize crypto trading.
This Series A marks a rare crypto bet for Benchmark, the renowned venture capital firm behind early investments in companies like Uber and X (formerly Twitter). Fomo, founded by former Coinbase and Stripe employees, has positioned itself as a social-first platform where traders can follow, discuss, and share crypto moves in real time. The company plans to use the new capital to expand its engineering team, enhance app performance, and introduce more collaborative trading features.
With this funding, Fomo aims to launch new analytics tools and expand to international markets over the coming months. The team stated that its mission is to make crypto trading “as engaging and accessible as any other online social experience.” Benchmark’s participation signals growing confidence in consumer-focused crypto applications amid renewed market activity.
Source: Fomo Official Blog
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