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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Kind Designs Secures $10M In Pre-Series A Funding Led By Kyle Kuzma Mark Cuban And Adrian FentyKind Designs, a Miami, FL-based climate resilience company, raised $10M in Pre-Series A funding at a $70M valuation, bringing its total funding raised to $21.5M. The round was backed by Kyle Kuzma, Mark Cuban and Adrian Fenty. Led by CEO and Founder Anya Freeman, Kind Designs develops 3D-printed coastal infrastructure solutions, including Living Seawalls, Living Seawall Tiles, Artificial Reefs and Living Shorelines, designed to protect communities from flooding and storm surge while restoring marine ecosystems. The company plans to use the funding to expand into new markets such as New York and California, increase seawall production capacity, support large-scale municipal and federal projects, and grow its engineering and operations teams. FOUNDER: Anya Freeman INVESTORS: Kyle Kuzma, Mark Cuban & Adrian Fenty ROUND: Pre-Series A AMOUNT: $10,000,000 VALUATION: $70,000,000 HQ: Miami, Florida #VentureCapital #KindDesigns #AnyaFreeman #TradedVC

Syntetica Secures $30 Million Series A Investment From Lululemon And Other InvestorsSyntetica, a French textile recycling startup, raised a $30 million Series A backed by investors including Lululemon, Bpifrance’s Ecotechnologies 2 fund, EQT Ventures, SWEN Capital Partners, and MAS Holdings. The company, led by CEO Marco Bertone, is developing a recycling process for Nylon 6 and Nylon 6,6, aiming to turn hard-to-separate textile waste into reusable pellets for apparel manufacturers. Syntetica plans to use the funding to scale its technology, build commercial demonstration capacity, and establish recycling facilities near waste sources and textile production hubs globally. FOUNDERS: Marco Bertone & Louis Monsigny INVESTORS: Lululemon, Bpifrance Ecotechnologies 2 fund, EQT Ventures, SWEN Capital Partners & MAS Holdings ROUND: Series A AMOUNT: $30,000,000 HQ: Reims, France #VentureCapital #Syntetica #MarcoBertone #LouisMonsigny #TradedVC