Umia Raises $6.11 Million to Support Crypto Token Launches

Key Facts

1Umia raised $6.11 million through a seven-day auction of its UMIA token.

2The project was valued at an $18 million fully diluted valuation with participation from 10 funds.

Umia raised $6.11 million through a seven-day auction of its UMIA token. According to reports from The Block, the project reached a fully diluted valuation of $18 million with participation from 10 investment funds.

The funding is intended to provide infrastructure and support for new cryptocurrency projects during their token generation events. This successful multi-million dollar raise indicates sustained venture capital interest in the crypto infrastructure sector.