Fomo completes first funding round with 140 angel investors

  • fomo co-founder Se Yong Park announced completion of the app’s first funding round.
  • 140 angel investors participated, while fomo’s cap table now lists over 200 angels.
  • Park said technology CEOs, celebrities and athletes rarely help early-stage companies meaningfully.

Crypto trading app fomo has completed its first funding round with participation from 140 angel investors, co-founder Se Yong Park announced. The company’s cap table (ownership record) now includes more than 200 angel investors. Park said early founders often misunderstand the relationship between a company and its angels, arguing that investors should be viewed as bullish call options on product success. He added that technology CEOs, celebrities and athletes listed as angels are unlikely to provide meaningful help early on. As fomo expands and builds a product that angels genuinely want to use and feel proud to share, Park said more people will recommend it organically.

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