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November 6, 2025 - Deals
Fomo Secures $17 Million Series A Led By Benchmark With Support From 140 Angel Investors
Fomo, a consumer crypto trading app founded by Paul Erlanger and Se Yong Park, has raised a $17 million Series A led by Benchmark, bringing its total funding to $19 million. The round is notable given Benchmark’s limited crypto exposure and follows an unconventional fundraising strategy in which the founders secured backing from about 140 angel investors. Since launching in May, Fomo has rapidly scaled, offering users the ability to trade millions of crypto assets across blockchains with minimal friction and integrated social features to follow top traders. The product’s addition of Apple Pay fueled a surge in adoption, contributing to strong growth of over 120,000 users and up to $40 million in daily trading volume as the company pushes toward its goal of becoming an all-in-one platform for assets spanning crypto, prediction markets, and even traditional securities.
FOUNDERS: Paul Erlanger, Prashan Dharmesena, & Se Yong Park
INVESTORS: Benchmark, Archetype, Coinbase Ventures, Sound Ventures, USV, FalconX, Monad, Nobi Ventures, Shrey Shahi, Jack Brody, Harry Stebbings, Hugo Barra, Geoff Charles, Glen Coates, Tomer Cohen, Jag Duggal, Gustav Söderström, Will Wu, Luca Netz, Brian Jung, Amit Kukreja, Jacob Horne, Ivan Soto-Wright, Sabrina Hahn, David Luan, Henrik Werdelin, Madhi Raza, Mike Karnjanaprakorn, Will Price, Lucas Sheiner, Nikhil Ramen, Austin Green, Brandon Cigri
ROUND: Series A
AMOUNT: $17,000,000
HQ: #NewYork #NY #NewYorkCity #NYC
#VentureCapital #Fomo #ShreyShahi #JackBrody #HarryStebbings #Benchmark #Archetype #CoinbaseVentures #SoundVentures #USV #FalconX #Monad #NobiVentures #PaulErlanger #SeYongPark #TradedVC
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Scapia Raises $63 Million In Funding Round Led By General Catalyst With Peak XV Partners And Z47Scapia raised $63 million in a round led by General Catalyst, with participation from existing backers Peak XV Partners and Z47. The India-based travel-fintech company, founded and led by CEO Anil Goteti, plans to use the capital to accelerate its AI-first product roadmap, expand its customer base across the country, and strengthen its integrated travel and financial ecosystem spanning credit cards, payments, rewards, and travel services. The company said it is seeing strong traction across flights and stays as it builds toward a broader AI-native travel platform for a younger, travel-heavy consumer base in India.
FOUNDER: Anil Goteti
INVESTORS: General Catalyst, Peak XV Partners & Z47
AMOUNT: $63,000,000
HQ: Bengaluru, Karnataka, India
#VentureCapital #Scapia #AnilGoteti #TradedVC
Convective Capital Raises $85 Million Fund For Climate And Disaster Resilience InvestmentsConvective Capital, the early-stage climate and resilience-focused venture fund led by Bill Clerico, has raised an $85 million fund, up from its $35 million 2022 debut. The new fund marks a shift from an initial “firetech” focus on wildfire detection and mitigation to a broader mandate around physical-world risk management and disaster resilience, backed increasingly by institutional investors including insurers and asset managers. Convective plans to continue investing in technologies spanning wildfire prevention, infrastructure monitoring, insurance innovation, and climate-adaptive systems as extreme weather and disaster-related losses accelerate globally.
FOUNDER: Bill Clerico
AMOUNT: $85,000,000
#VentureCapital #ConvectiveCapital #BillClerico#TradedVC
Advanced Micro Devices Commits Over $10 Billion To Taiwan Semiconductor Ecosystem For AI InfrastructureAdvanced Micro Devices said it will invest more than $10 billion across Taiwan’s semiconductor ecosystem in a sweeping push to scale advanced packaging and accelerate next-generation AI infrastructure deployment. The commitment, outlined in a May 21 release, deepens partnerships with firms including ASE and SPIL to develop wafer-based 2.5D “Elevated Fanout Bridge” interconnect technology for AMD’s upcoming 6th Gen EPYC CPUs codenamed “Venice,” while also marking a milestone with PTI on panel-based EFB interconnects aimed at improving efficiency and economics for AI systems. The investments support AMD’s Helios rack-scale platform, targeting multi-gigawatt deployments from 2H 2026 using Instinct MI450X GPUs and EPYC processors, as the company competes more directly with Nvidia in AI infrastructure. Chair and CEO Dr. Lisa Su said the strategy combines AMD’s high-performance computing with Taiwan’s ecosystem to enable integrated rack-scale AI systems for faster deployment of next-gen workloads.
FOUNDERS: Jerry Sanders, Edwin Turney, John Carey, Jack Gifford, Sven Simonsen, Frank Botte, Jim Giles & Larry Stenger
AMOUNT: $10,000,000,000
HQ: Santa Clara, California
#VentureCapital #AdvancedMicroDevices #JerrySanders #EdwinTurney #JohnCarey #JackGifford #SvenSimonsen #FrankBotte #JimGiles #LarryStenger #TradedVC
Socket Secures $60 Million In Series C Funding Led By Thrive Capital At $1 Billion ValuationSocket raised $60 million in a Series C round at a $1 billion valuation, officially becoming a unicorn as demand intensifies for tools that secure open-source software supply chains amid the rapid rise of AI-generated code. The round was led by Thrive Capital with participation from Andreessen Horowitz, Abstract Ventures, and Capital One Ventures, bringing total funding to $125 million. Founder and CEO Feross Aboukhadijeh said the company’s platform detects malicious behavior in open-source dependencies in real time as AI now generates the majority of code in leading engineering teams.
FOUNDER: Feross Aboukhadijeh
INVESTORS: Thrive Capital, Andreessen Horowitz, Abstract Ventures & Capital One Ventures
ROUND: Series C
AMOUNT: $60,000,000
VALUATION: $1,000,000,000
HQ: San Francisco, California
#VentureCapital #Socket #FerossAboukhadijeh #TradedVC