Crypto-Powered Wireless Network Helium Raises $200M at $1.2B Valuation: Report

Decentralized telecommunications 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 for Helium’s HNT. Owners of Helium hotspots, which connect nearby internet of things devices, are rewarded with HNT, receiving more tokens the more their hotspot is used.
Helium’s HNT token is up about 1.5% over the last hour to $25.53 , according to CoinGecko.
Helium declined to comment on the fundraising report.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Michael Bellusci

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Follow @mikeybellusci on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.