2 years ago
Decentralized telecommunications web Helium has raised $200 cardinal successful a Series D backing circular astatine a $1.2 cardinal valuation, Axios reported Friday.
Tiger Global and FTX Ventures are among the caller investors, according to Axios. Existing investors see Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures and FirstMark Capital, Axios added.
In August, task superior steadfast Andreessen Horowitz (a16z) led a $111 cardinal token sale for Helium’s HNT. Owners of Helium hotspots, which link adjacent net of things devices, are rewarded with HNT, receiving much tokens the much their hotspot is used.
Helium’s HNT token is up astir 1.5% implicit the past hr to $25.53 , according to CoinGecko.
Helium declined to remark connected the fundraising report.
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Michael Bellusci is CoinDesk's crypto payments reporter.
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