Umia the onchain platform for launching, funding and governing projects, announced it has raised $6 million through the auction of $UMIA, the first token launched through its own system. Ten funds and nearly 700 individual bidders took part in the seven-day sale, which ran on Base from August 26 to September 2 and opened with a three-day early round for vetted funds and zkTLS-verified community members. The public round then reached its cap seven minutes after opening on August 29, and the sale closed at more than 3x its $2 million minimum. Galaxy Ventures, DCG, Draper Associates, RenGen, Alpha EV, Maven 11 and Eon Capital were among the funds, all bidding on the same terms as every other participant, with no discounts.