Mobula, an on-chain knowledge aggregator and infrastructure firm, has been acquired by fomo, the New York-based social-first buying and selling platform for on-chain markets, in a $17M transaction. Sure members of the Mobula crew will be part of fomo as a part of the deal, bringing deep experience in on-chain knowledge infrastructure. The acquisition comes as fomo surpasses 1.9 million customers, paces towards greater than $2.8B in month-to-month buying and selling quantity, and approaches a $200M annualized income run charge — development that has outpaced the platform’s reliance on third-party knowledge suppliers. “As fomo scales, we’re investing in expertise that may assist the subsequent part of the enterprise,” remarked Paul Erlanger, co-founder and CEO of fomo. “Mobula has constructed distinctive on-chain expertise, and buying these belongings provides us better management over our infrastructure as we proceed to broaden the platform.”
As fomo scales, we’re investing in expertise that may assist the subsequent part of the enterprise. Mobula has constructed distinctive on-chain expertise, and buying these belongings provides us better management over our infrastructure as we proceed to broaden the platform. – Paul Erlanger
Mobula was cofounded by Sacha Marcus and Sacha Delhoux and is backed by Cetacean Capital. The corporate constructed an on-chain knowledge aggregation and infrastructure platform serving blockchain builders and enterprises, offering market knowledge, pockets knowledge, and metadata by way of REST, GraphQL, and SQL interfaces. As a part of the acquisition, Sacha Marcus will be part of fomo’s engineering crew alongside CTO Sacha Delhoux and Head of Infrastructure Cyril Conan. The acquired expertise will probably be additional developed with a give attention to enhancing knowledge reliability and efficiency throughout fomo’s platform.
Based in 2025 by Erlanger, Prashan Dharmasena, and Seyong Park, fomo is backed by Index Ventures, Union Sq. Ventures, and Benchmark. The platform abstracts away wallets, gasoline charges, and chain routing to present on a regular basis customers a single account and steadiness for buying and selling throughout blockchain ecosystems. Because the begin of July, fomo’s person base has greater than doubled to over 1.9 million, with 1.2 million energetic in August alone and the platform including greater than 30,000 new customers every day. Buying and selling quantity tripled from $500M in June to $1.5B in July, and the corporate is on observe to exceed $2.8B in August — implying a run charge of greater than $200M in annualized income. The platform has additionally ranked as excessive as No. 3 within the Finance class on the iOS App Retailer.
The deal displays a strategic shift for fomo as its scale calls for tighter management over on-chain knowledge and international infrastructure — techniques the corporate beforehand sourced from a fragmented set of exterior suppliers. By bringing the Mobula expertise in-house, fomo positive aspects the technical basis to assist its increasing product floor, which now contains fomo Internet (roughly 25% of whole platform quantity), fomo Perpetuals, and the lately launched Clans function for organized neighborhood buying and selling. “We constructed Mobula with the objective of creating on-chain knowledge and infrastructure quicker, extra dependable and simpler to construct on,” stated Sacha Marcus, Founding father of Mobula. “Becoming a member of fomo provides us the chance to take that expertise additional and construct it immediately into one of many fastest-growing client platforms in crypto. We’re excited to convey the crew and expertise collectively and see what we will construct at this scale.”
We constructed Mobula with the objective of creating on-chain knowledge and infrastructure quicker, extra dependable and simpler to construct on. Becoming a member of fomo provides us the chance to take that expertise additional and construct it immediately into one of many fastest-growing client platforms in crypto. – Sacha Marcus