Who owns the fomo app? FOMO Labs, founders and funding

FOMO Labs Inc. owns the fomo app. The company was founded in 2025 by Paul Erlanger, Se Yong Park and Prashan Dharmasena, three engineers who previously worked at dYdX, and it has raised about $94M in disclosed funding across three rounds.

The most recent, a $75M Series B led by Index Ventures in June 2026, valued the company at around $550M according to Fortune and The Block.

Paul Erlanger is co-founder and chief executive. By the company’s own account in August 2026 the app had passed 1.9 million users and was pacing toward $2.8B of monthly trading volume.

If you are asking “who owns fomo app” as a trust check, that is the short version: named founders with traceable careers, institutional investors who have done their own diligence, and public announcements you can read yourself. The rest of this page lays out the founders, the funding timeline, the numbers fomo has now disclosed, its first acquisition, and where the company is hiring.

First, which fomo?

Several unrelated products use the name, and a search for “who owns fomo” mixes them together. The one this site covers is the crypto trading app at fomo.family, owned by FOMO Labs Inc. in New York. It is not Fomo the ecommerce social-proof widget, which was founded by Ryan Kulp and Justin Mares and is now owned by Relay Commerce, and it is not any of the cinema, dating or lifestyle apps that share the word. If the answer you found mentions Shopify or Relay Commerce, you are reading about a different company.

Who made the fomo app: the founders

The three founders share a dYdX background. dYdX is a decentralized derivatives exchange, which may be why fomo’s June 2026 perps launch came with isolated margin and stop loss orders rather than a bolt-on. Before dYdX, Paul Erlanger and Se Yong Park worked together at Deutsche Bank for five years. Index Ventures, Fortune and The Block have all covered the founding team.

Paul Erlanger is co-founder and CEO, a title he is given in FOMO Labs’ own press release of 31 August 2026. fomo does not publish a detailed org chart beyond that, and we are not going to guess at the other two titles. That is a normal amount of information for a company at this stage.

Funding timeline

Round	Announced	Lead	Amount	Notes
Pre-seed	28 Feb 2025	140+ angels	$2M	Included Raj Gokal (Solana co-founder), Balaji Srinivasan, Bryan Pellegrino (LayerZero), Marc Boiron (Polygon Labs), Paul Veradittakit (Pantera), Rob Hadick (Dragonfly)
Series A	6 Nov 2025	Benchmark	$17M	Coinbase Ventures participated; total funding $19M
Series B	22 Jun 2026	Index Ventures	$75M	Union Square Ventures and Benchmark participated; valuation about $550M

Total disclosed funding is roughly $94M. The Series B angel list included Mark Pincus (Zynga), Kevin Hartz (Eventbrite) and Humam Sakhnini (Discord CEO). fomo published both the pre-seed announcement and the Series A announcement on its own blog, which is the place to check the details rather than a third-party summary.

Benchmark leading the A and then putting more money into the B a year later is the part worth noticing. A lead investor re-upping is a stronger signal than a new one arriving.

fomo app valuation and “net worth”

Searches for “fomo trading app net worth” are really asking about the company’s valuation. The figure reported by Fortune and The Block at the Series B is about $550M. That is a valuation agreed between the company and its investors; it is not cash in the bank, and it is not what the app would sell for tomorrow. The reports do not say whether the figure is pre- or post-money, so we will not do the ownership arithmetic here.

Paul Erlanger’s net worth, and the other founders’

There is no public figure for any of the three, and that is the honest answer rather than a dodge. Here is why. FOMO Labs is private, so it files no accounts that would show who holds what. Founder shareholdings are not disclosed, and three funding rounds have diluted them by an unknown amount. A company valued near $550M tells you the size of the pie, not the size of anyone’s slice.

So any site printing “Paul Erlanger net worth: $X” has multiplied a valuation by a founder stake it invented. The checkable facts are these: he is co-founder and CEO, he worked at dYdX and spent five years at Deutsche Bank with Se Yong Park, and the company he leads has raised about $94M. Everything past that is arithmetic on a guess.

fomo’s first acquisition: Mobula, August 2026

On 31 August 2026 FOMO Labs announced it had acquired the proprietary software and intellectual property of Mobula, an on-chain data aggregator, along with three of its senior people: founder Sacha Marcus, chief technology officer Sacha Delhoux and head of infrastructure Cyril Conan, who all joined fomo’s engineering team.

The press release did not put a price on it. Outlets reporting Erlanger’s comments to Axios Pro gave $17M, which is worth flagging because fomo’s monthly revenue is also about $17M, and the two numbers have been mixed up in some coverage.

What it tells you about the company matters more than the price. Mobula’s data was the plumbing behind fomo’s token safety checks and its discovery features, and fomo said it wanted to run that infrastructure itself rather than rent it from a mix of outside providers. Buying your data layer two months after a $75M round is a company deciding that scam detection is core rather than a feature it can outsource, which is relevant if you are weighing whether the fomo app is legit.

fomo app revenue and users: the numbers it has disclosed

fomo said nothing about revenue until 31 August 2026, when its own press release put monthly revenue at about $17M, an annualised run rate above $200M. That changed this section from an estimate into a quote, with one caveat: these are company-reported figures announced alongside an acquisition, not audited accounts, and a private company chooses which numbers to publish and when.

The growth it reported with them:

Reported	Users	Trading volume
Series A, Nov 2025	120,000+, of whom 35,000+ traded	Nearly $700M over a six-month beta
Series B, Jun 2026	625,000+	$4B cumulative, 110M+ social interactions
Press release, 31 Aug 2026	1.9M+ total, 1.2M+ active in August, 30,000+ joining daily	$500M in June, $1.5B in July, pacing toward $2.8B in August

Users roughly tripled between June and August 2026, and monthly volume more than quintupled over the same stretch. Read those together with the revenue line and the business model is no mystery: fomo’s income is trading fees, about 0.45% per spot trade and 0.05% plus protocol fees on perps, so volume is revenue. If you want the fee details, see fomo app fees.

The number worth your attention is not the growth, it is what produces it. A platform earning a cut of every memecoin trade makes more money the more often you trade, which is an incentive pointing the opposite way from your own. That is not an accusation, it is the structure, and it applies to every zero-commission-style trading app.

When did the fomo app come out?

There is no single launch date in fomo’s public materials, so here is the timeline as fomo’s own posts describe it:

• 28 February 2025: pre-seed announced.
• Mid-2025: the November Series A post refers to a six-month beta, so the first users were on the app by around May 2025.
• September 2025: Base added.
• October 2025: BNB Chain added.
• November 2025: Monad mainnet support; Series A announced.
• 14 April 2026: TradingView partnership announced.
• 29 April 2026: web app launched at fomo.family, same account and balance as mobile.
• 11 June 2026: perpetuals launched, powered by Hyperliquid and Trade[XYZ].
• 22 June 2026: Series B announced.
• 10 August 2026: clans launched, grouping traders into ranked teams.
• 31 August 2026: Mobula’s software, IP and three senior engineers acquired.

Ethereum and Robinhood Chain are supported but fomo’s recaps do not give us a clean date for either, so we leave those undated.

Evaluating FOMO Labs as a fintech company

If you are weighing whether to trust the company with your trading balance, a few points cut both ways.

In its favor: the founders are named and have relevant backgrounds, the investors are well known and have re-upped, the fee policy is published, and the custody model is self-custody (your wallet is powered by Privy, not a company account). That last point matters most. If FOMO Labs disappeared, your tokens would still be in your wallet.

Against, or at least unresolved: fomo.family does not mention an independent security audit, the company is under two years old, and it operates in memecoins, a market where the tokens themselves are frequently scams. The company being real does not make the trades safe. Memecoin trading is high-risk speculation and most people who do it lose money; nothing here is financial advice.

For the safety side in detail, read is the fomo app legit. For what the product actually does, what is the fomo app. To see how it compares, the fomo app review covers its strengths and weak spots, and our list of the best mobile apps to trade memecoins ranks it against Phantom, Moonshot and Coinbase Wallet.

fomo app careers

FOMO Labs lists open roles at jobs.ashbyhq.com/fomo-labs. The company’s public channels are Discord, X (@fomo), Instagram (@tryfomo), YouTube and LinkedIn. It does not list a Telegram channel, so treat any “fomo recruiter” on Telegram as an impersonator.