Umia raised $6.1M at $18M FDV from Galaxy Ventures, DCG, and others to provide token launch infrastructure for crypto projects.
VC & Fundraising ·
Umia raised $6.1 million in a token auction valued at $18 million fully diluted, with Galaxy Ventures and DCG among the participating investors. The sale distributed 34.6% of the project's token supply.
Umia provides infrastructure for crypto projects to launch tokens. The structure of the funding round—conducted as a token auction rather than a traditional equity raise—reflects a common practice among crypto infrastructure projects seeking to distribute governance or utility tokens while raising capital.
Key details about the investor roster beyond Galaxy Ventures and DCG, the exact timing of token vesting, and Umia's near-term product roadmap remain unclear from available reporting.