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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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Goldman Sachs Acquires Neos Investments For $2.25 Billion To Enhance ETF PlatformGoldman Sachs has agreed to acquire ETF provider Neos Investments in a cash-and-equity deal valued at up to $2.25 billion, expanding its actively managed ETF platform and options-based income offerings. Founded in 2022 by Troy Cates and Garrett Paolella, Neos manages nearly two dozen options-based income ETFs with about $32 billion in assets, and its team will join Goldman Sachs Asset Management following the transaction.
DEAL VALUE: $2,250,000,000
HQ: New York, New York
#VentureCapital #GoldmanSachs #NeosInvestments #TradedVC
Joby Aviation Acquires Resonant Sciences For $500 Million Expanding Defense CapabilitiesJoby Aviation agreed to acquire Ohio-based Resonant Sciences for $500 million in cash and stock, expanding its defense capabilities with a dedicated division focused on military aircraft and autonomy technology. Resonant Sciences co-founder and CEO J. Micah North will lead the new defense unit, which will integrate Joby’s defense programs while allowing the company to focus on commercializing its electric air taxi business.
SALE PRICE: $500,000,000
HQ: Santa Cruz, California
#VentureCapital #JobyAviation #ResonantSciences #TradedVC
Yulu Secures $93 Million In Series C Funding Led By GEF Capital PartnersYulu, the Bengaluru-based electric mobility startup, has raised $93 million in a Series C round comprising $63 million in equity led by GEF Capital Partners and $30 million in debt financing. Co-founder and CEO Amit Gupta said the funding will help Yulu expand its fleet from about 50,000 to 200,000 electric two-wheelers over the next two years, including its new higher-speed Yulu Express model for longer-haul e-commerce deliveries, bike taxis and parcel services.
FOUNDERS: Amit Gupta, Naveen Dachuri, Hemant Gupta & R.K. Misra
INVESTORS: GEF Capital Partners, Bajaj Auto & Magna International
ROUND: Series C
AMOUNT: $93,000,000
HQ: Bengaluru, India
#VentureCapital #Yulu #GEFCapitalPartners #TradedVC