# FOGO

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fogo

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.fogo.io/
- Total disclosed funding: $5.5M
- Latest round: Seed (Dec 1, 2024)
- Investors on record: 2

## About

Based in California, US, FOGO Foundation operates as a developer of a transaction processing software for cryptocurrency. In January 2025, FOGO Foundation raised USD 8 million in seed funding from The Echonomist, 4 Ventures, Big Brain Collective, and Patrons Securities.

Fogo provides blockchain technology using the Firedancer client, which can process transactions per second with a block time. This is designed for institutions that need fast blockchain transactions for financial operations. The firm aimed at institutions that require fast and reliable transaction processing.

The company plans to use the January 2025 funding to increase manpower, enhance technology capabilities, and catapult initiatives.

## Funding rounds

- Seed, Dec 1, 2024, $5.5M — Distributed Global, CMS Holdings, LLC

## Investors

- Distributed Global — Seed
- CMS Holdings, LLC (https://capitalatlas.ai/funds/cms-holdings-llc) — Seed