Axios reported that Helium, a decentralized telecommunications network, has raised $200 million in a Series D funding round valued at $1.2 billion.
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The new investors are Tiger Global and FTX Ventures, according to Axios. As of last year, the company had investors such as Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures, and FirstMark Capital.
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Helium’s HNT token was part of an $111 million token sale led by venture capital firm Andreessen Horowitz (a16z). Helium hotspot owners, who connect nearby internet of things devices, receive HNT in return for using their hotspot. The more tokens they receive, the more Helium hotspots are used.
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Helium’s HNT token is up about 1.5% over the last hour to $25.53 , according to CoinGecko.
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Helium declined to comment on the fundraising report.
