Fomo Raises $19M Backed by Benchmark and Top Crypto Angels to Accelerate SocialFi Trading Platform
Fomo, a rapidly emerging player in the crypto trading and SocialFi landscape, has made headlines with a series of significant funding milestones that underscore strong investor confidence and rapid adoption of its platform. Since its inception, the New York–based company has raised a total of $19 million through a combination of pre-seed and Series A rounds, attracting a deep roster of strategic angel investors and leading venture capital firms.
In February 2025, Fomo announced the successful closure of a $2 million pre-seed funding round, a pivotal early milestone designed to support product development and user growth ahead of a public launch. This round drew more than 140 angel investors, marking an unconventional and highly networked approach to early-stage capital formation. The investor base included notable figures from the crypto and fintech sectors, such as Raj Gokal, the co-founder of Solana; Balaji Srinivasan, prolific angel investor and former Coinbase CTO; Aaron Harris, founder of Magid & Company; Kevin Miller, CEO of GR0; Jon Zacharias, President of GR0; and Bryan Pellegrino, CEO of LayerZero Labs. The funds from this round were earmarked for strengthening the company’s product, expanding its user base, and preparing for a broader launch.
The pre-seed funding came at a crucial stage for the startup, which had already generated significant interest from users, with a closed alpha phase attracting tens of thousands on its waitlist. The diverse cohort of investors helped Fomo tap into a broad network of expertise and strategic support across multiple crypto ecosystems, contributing valuable guidance as the company moved toward its next phase of growth.
Fomo’s momentum continued through 2025, culminating in a $17 million Series A funding round announced in November 2025. This round was led by Benchmark, a top-tier venture capital firm known for its selective investment strategy and storied history backing successful tech startups. The Series A brought Fomo’s total funding to $19 million, combining the earlier pre-seed with this most recent institutional infusion.
Alongside Benchmark, the Series A round saw participation from a mix of prominent venture firms and individual investors, reflecting broad confidence in Fomo’s mission and execution. Institutional participants included Coinbase Ventures and Archetype, both well-established investors in the crypto space. Angel and strategic backers ranged from Web3 veterans and founders to growth-stage investors, including Luca Netz, CEO of Pudgy Penguins; Ivan Soto-Wright, CEO of MoonPay; Jacob Horne; and Will Price, among others.
The infusion of capital from the Series A is earmarked for accelerating product innovation, expanding Fomo’s user base, and strengthening its competitive position in the fast-evolving SocialFi and cross-chain trading space. Since launching its mainnet and app earlier in 2025, Fomo has reported rapid adoption, high trading volumes, and robust engagement metrics — a combination that has attracted both retail users and industry attention.
Fomo’s funding story is notable not just for the dollar amounts but also for the breadth of its investor base. The company’s founders pursued an unconventional fundraising strategy that blended a heavy angel presence with institutional capital, enabling them to build a community of backers who can contribute strategic expertise as well as financial support. This approach appears to have fostered strong early growth and positioned the company to scale further as it rolls out additional features and broadens its market reach.
In a competitive landscape where user experience and seamless cross-chain functionality are increasingly critical, Fomo’s ability to secure backing from both high-profile angels and respected venture firms underscores belief in its vision. As the company continues to develop its platform and expand its offerings, its funding achievements signal a notable vote of confidence from the crypto and investment community.
