Umoja raised $4M in a seed round to democratize access to its smart money protocol.
Mar 19, 2024•almost 2 years ago
Amount Raised
$4 Million
Round Type
seed
Investors
Blizzard Fund By AvalanchePsalionHyperithmOrange DaoBlockchain Founders FundQuantstamp500 GlobalCoinbase
Description
Umoja has successfully closed a $2 million extension to its initial seed funding round, bringing the total amount raised to $4 million. The funds will be used to democratize access to its smart money protocol, offering automated investment strategies enabling tokens to self-trade, hedge against market volatility, and optimize yield.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers