# Tomo

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

- Industry: Software
- Headquarters: US
- Website: www.tomo.inc
- Total disclosed funding: $3.5M
- Latest round: Seed (Apr 10, 2024)
- Investors on record: 8

## About

Founded in 2023 and based in California, US, Tomo Inc. operates as a financial technology company that focuses on developing financial technology solutions, providing an all-in-one social wallet that integrates various functionalities for enhancing user engagement and financial transactions within social networks. In April 2024, Tomo Inc. raised USD 3.5 million in seed funding led by Polychain Capital, with participation from ConsenSys Ventures, dao5, KuCoin Ventures, HTX Ventures, Nomad Capital, OKEx Blockdream Ventures, Story Protocol, and Symbolic Capital. 

The company’s core offerings include Tomoji, a digital wallet facilitating peer-to-peer transactions, and Tomo ID, which serves as a digital identity verification tool. These products address the need for secure and monetary exchanges in social settings, catering primarily to individuals looking to simplify their online transactions within community platforms. Tomo Points further incentivizes user interaction by offering a rewards system for active engagement, making it a strong draw for a younger, tech-savvy demographic.

Tomo generates revenue through a combination of transaction fees and subscription models associated with its product offerings. The flagship Tomoji wallet incurs a nominal transaction fee for each peer-to-peer transfer, creating a consistent revenue stream as users interact financially within their social circles. Additionally, businesses utilizing Tomo ID for identity verification services may enter into partnership agreements that involve subscription fees for ongoing access to the platform's capabilities. 

Tomo plans to use its proceeds from April 2024 funding to further develop its social finance innovations. The company plans to enhance its product offerings, focusing on expanding into the North American and European markets where demand for social financial solutions is increasing.

## Funding rounds

- Seed, Apr 10, 2024, $3.5M — Polychain Capital, ConsenSys Ventures, OKEx Blockdream Ventures, KuCoin Ventures, dao5, Symbolic Capital, Story Protocol, HTX Ventures

## Investors

- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Seed
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed
- OKEx Blockdream Ventures — Seed
- KuCoin Ventures (https://capitalatlas.ai/funds/kucoin-ventures) — Seed
- dao5 (https://capitalatlas.ai/funds/dao5) — Seed
- Symbolic Capital (https://capitalatlas.ai/funds/symbolic-capital) — Seed
- Story Protocol — Seed
- HTX Ventures (https://capitalatlas.ai/funds/htx-ventures) — Seed