Umia is a platform for crypto projects to launch tokens and connect them to a legal structure covering the project’s team, IP, and treasury, according to investor Galaxy Ventures (post).

$UMIA

Umia is a platform for crypto projects to launch tokens and connect them to a legal structure covering the project’s team, IP, and treasury, according to investor Galaxy Ventures (post).

The Block reported that Umia raised $6.1 million at an $18 million fully diluted valuation. Umia said its public auction on Base closed with $6 million from ten funds and nearly 700 individual participants; it named Galaxy, DCG, Draper Associates, RenGen, Alpha EV, Maven 11, and Eon Capital among the participating funds (The Block report, Umia announcement). The supplied Korean-language post says 45% was allocated to investors, but does not specify whether that means tokens or proceeds.

Ask your own