Social trading platform Fomo hits $550M valuation after $75M raise

The capital injection brings Fomo’s total valuation to $550 million, supported by Union Square Ventures and existing investor Benchmark. Notable angel backers include Zynga co-founder Mark Pincus and Discord CEO Humam Sakhnini. By allowing users to mirror trades across multiple blockchains without the friction of manual bridging or wallet management, the startup has recorded 110 million social interactions in its first year.

Industry analysts at Delphi Digital noted that the platform’s interface makes speculating on-chain feel more like scrolling through a social feed than operating a traditional trading terminal. This design choice has helped the firm gain traction against established exchanges like Binance and Bybit, which currently offer their own copy-trading tools. Beyond its core spot trading, Fomo is now expanding into perpetual futures, recently integrating Hyperliquid for international users. The funding round arrives as the broader crypto market sees a resurgence in venture activity, with $4.11 billion raised across 148 startups in the second quarter alone.