Umia · funding
Umia Raised $6.11M in UMIA Auction at $18M FDV
Umia raised $6.11 million by selling 17.3 million UMIA tokens in a seven-day auction that valued the project at an $18 million fully diluted valuation.
Was Umia's $6.11 million financing an equity round?
No. The capital came from an UMIA token auction, and participating funds received no board seat, observer role or advisory position.
Orbitrum Investor Impact
Why does the token sale matter for Umia?
The sale funded Umia's treasury and its token-launch platform while putting 34.6% of UMIA's total supply into circulation with no lockup.
How is Umia using the proceeds?
Umia allocated 20% of the proceeds to a protocol-owned UMIA-USDC liquidity pool on Uniswap v4 and placed the remainder in its treasury.
How does Umia plan to generate revenue?
Umia charges a 0.5% fee on spot trades across the decentralized-exchange pools it manages and a 1% fee on decision-market trades.
What should investors watch next?
Umia expects its first external project, Slop.cash, to launch later in the fourth quarter of 2026, while two additional projects have already been selected.
Sources
Original signal: The Block ↗
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