fomo

About fomo

Fomo, operating under the legal name FOMO Labs Inc., is a financial technology firm developing a social-first crypto trading platform. The company was founded in 2024 and is headquartered in New York. Although currently in stealth mode, Fomo aims to provide a platform for on-chain trading, focusing on memecoins, altcoins, and stablecoins. The development team comprises engineers and operators with experience from prominent companies in the fintech and crypto space, including dYdX, Uniswap, OpenSea, Square, and Two Sigma.

The company's mission is to create a platform that empowers users to avoid missing out on opportunities within the fast-paced crypto market. This vision is reflected in its name, which stands for "Fear of Missing Out," a common sentiment among investors and traders. The platform is designed to be a social-first experience, suggesting an integration of community and trading features. Fomo has already launched a Closed Alpha on TestFlight and has garnered significant interest, with a waitlist of over 95,000 users.

In February 2025, Fomo announced the successful closure of a $2 million Pre-Seed funding round. This round was notable for its breadth, attracting over 140 angel investors. The investor base is diverse, including builders, operators, and traders from various crypto ecosystems. Key investors include prominent figures such as Raj Gokal (Co-Founder of Solana), Balaji Srinivasan (Angel Investor), and Bryan Pellegrino (CEO of LayerZero Labs). This strategic fundraising was intentionally structured to bring in partners who could provide valuable guidance and support for the company's long-term growth. The capital raised is intended to further develop the product, expand the user base, and prepare for a public launch.