Big, big, big news.
FOMO has just completed a $17 million Series A funding round, led by Benchmark.
You might be unfamiliar with Benchmark, but this institution, founded in 1995, is one of Silicon Valley's most legendary venture capital firms.
Representative investment cases of Benchmark:
1/ eBay - Invested $6.7 million in 1997
Benchmark's stake increased 100,000 times in less than two years, becoming "the best venture capital investment in Silicon Valley history."
2/ Uber - Invested $12 million in 2011
At the time of investment, Uber was just a ride-hailing app, but Benchmark saw the future of the sharing economy.
3/ Snapchat
Captured the attention of young users by investing early in this ephemeral messaging app.
4/ Twitter
Participated in the early rounds of Twitter
Witnessed how 140 characters changed the way the world communicates.
Benchmark's investment philosophy is: focus on high-growth sectors, make early bets, and deeply support founding teams.
More importantly, Benchmark is extremely cautious in the crypto space. Aside from investing in a few projects like Chainalysis and Towns, they rarely place bets in the crypto sector.
What does choosing FOMO mean?
From the product data, FOMO has indeed seen explosive growth since its launch in May:
▌Over 120,000 users
▌Nearly $700 million in trading volume
FOMO allows ordinary users to participate in crypto trading simply and intuitively, without the need for complex technical barriers. This "consumer-first" product approach is exactly what Benchmark excels at identifying.
From eBay to Uber to Instagram, they always manage to spot companies that redefine user experience early on.
Ambush strategy
First, register and use it.
FOMO portal: https://fomo.family/r/chaos
Second, get ahead and secure your position.
Several core members of Kaito have been rallying for FOMO, so you know what that means.
The official Twitter is down, but you can currently follow the two founders:
@seyong @PaulErlanger
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