Crypto-powered wireless network Helium raises $200 million at $1.2 billion valuation: report

2022-04-24 0 By

According to Axios, Tiger Global and FTX Ventures are among the new investors.Helium Hot Spot Decentralized telecom network Helium has raised $200 million in a Series D funding round at a $1.2 billion valuation, Axios reported Friday.Tiger Global and FTX Ventures are among the new investors, according to Axios.Existing investors include Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures and FirstMark Capital, Axios added.In August, venture capital firm Andreessen Horowitz (A16Z) led a $111 million token sale of Helium’s HNT.Owners of helium hot spots connected to nearby iot devices will receive HNT rewards, and the more they use their hot spots, the more tokens they will receive.Helium’s HNT token rose about 1.5% to $25.53 in the past hour, according to CoinGecko.Helium declined to comment on the fundraising report.