Fomo, a crypto trading app, raises $75 million in a Series B funding round at a $550 million valuation, according to multiple reports. The round is led by Index Ventures, with participation from Union Square Ventures (USV) and other investors. One outlet also reports that Index Ventures and USV back the company in the deal. The startup has previously raised $17 million in an earlier round led by Benchmark. The current financing brings additional investment into Fomo’s development as it continues to operate its crypto trading app. Both sources agree on the key deal terms, including the amount raised, the valuation level, and the lead investor and co-investors’ involvement. Neither report provides details in the provided excerpts about how the funds will be used, specific product plans, or revenue and user metrics. The information is presented as an exclusive coverage by one outlet and as a crypto-focused report by another, but both align on the fundamentals of the fundraising round.
Fomo raises $75 million Series B at $550 million valuation
Fomo, a crypto trading app, raises $75 million in a Series B funding round at a $550 million valuation, according to multiple reports. The round is led by Index Ventures, with participation from Union...
- Fomo raises a $75 million Series B round at a $550 million valuation.
- Index Ventures leads the Series B.
- Union Square Ventures (USV) participates in the round.
- Benchmark previously led an earlier $17 million funding round.
- The company is described as a crypto trading app.
Fomo raised a $75 million Series B round at a $550 million valuation led by Index Ventures, with participation from USV and others.
6 hours agoThe startup previously raised $17 million in a round led by Benchmark.
8 hours ago
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