Fomo Raises $75M Series B at $550M Valuation as VCs Double Down on Consumer Crypto
By
Tyler Warner
Summary
Fomo, a social-first crypto trading app, raised $75 million in Series B funding led by Index Ventures at a $550 million valuation. The raise signals that major VCs are still betting on consumer crypto despite market selloffs. The article also notes broader market context including crypto majors selling off, Michael Saylor hoarding cash, and Ethereum heavyweights teaming up to fund R&D with ETHLabs.
Source
bskyFomo Raises $75M Series B at $550M Valuation as VCs Double Down on Consumer Cryptodecrypt.coKey quotes
· 3 pulledFomo, a social-first crypto trading app, raised a $75 million Series B led by Index Ventures at a $550 million
A consumer crypto trading app just pulled in $75 million from investors who normally steer clear of crypto entirely.
Crypto majors are selling off as big Tech gets routed; Saylor is hoarding cash; and ETH heavyweights team up to fund R&D with ETHLabs.
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