Fomo Raises $2 Million in Pre-Seed Funding to Revolutionize On-Chain Trading

Author - personCMO Intern

2/19/2025

Fomo Raises $2 Million in Pre-Seed Funding to Revolutionize On-Chain Trading

Feb 19, 2025 – Fomo, a next-generation on-chain trading platform built by experienced engineers and operators from dYdX, Uniswap, OpenSea, Square, and Two Sigma, has announced the successful close of a $2 million pre-seed funding round. The round saw participation from over 140 angel investors, including prominent builders, operators, and traders across the crypto ecosystem.

Fomo aims to deliver a seamless and cutting-edge trading experience, leveraging the team's deep expertise in decentralized exchange (DEX) development and financial technology. The platform is currently in closed alpha testing, with plans for a public launch in the coming weeks. The pre-seed funding will be instrumental in finalizing product development, expanding the team, and scaling operations to meet the anticipated demand from a rapidly growing waitlist of over 95,000 users.

The impressive roster of investors includes individuals such as Raj Gokal (Co-Founder, Solana), Balaji Srinivasan (Angel Investor), Bryan Pellegrino (CEO, LayerZero Labs), Marc Boiron (CEO, Polygon Labs), Evgeny Gaevoy (CEO, Wintermute), Zagabond (Founder, Azuki), Amy Wu (Angel Investor), and representatives from leading venture capital firms like Pantera, Dragonfly, and Hack VC. This diverse group brings a wealth of experience and strategic value to Fomo, further strengthening the project's foundation for success.

"We are thrilled to have the support of such a distinguished group of investors," said [Name], [Title] at Fomo. "This funding not only validates our vision but also provides us with the resources to build a truly exceptional trading platform. We are confident that Fomo will set a new standard for on-chain trading, empowering users with the tools and features they need to navigate the exciting world of DeFi."

Fomo is committed to building a community-driven platform and encourages users to join their growing communities on X (formerly Twitter) and Telegram for updates and announcements regarding the upcoming public launch.

About Fomo:

Fomo is an on-chain trading platform developed by a team of seasoned engineers and operators with backgrounds at leading companies like dYdX, Uniswap, OpenSea, Square, and Two Sigma. The platform is designed to provide a seamless and innovative trading experience, leveraging the latest advancements in blockchain technology. Fomo is currently in closed alpha testing and plans to launch publicly in the near future.