The decentralized telecommunications project Helium closed a Series D financing round of $200 million, Axios reports.
According to the publication, the startup’s valuation reached $1.2 billion.
The funding was allegedly provided by Tiger Global and FTX Ventures, as well as early investors: Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures and FirstMark Capital.
In response to Forklog’s inquiry, Helium representatives said they declined to comment on speculation.
In August 2021, during a token sale raised $111 million from Andreessen Horowitz, Alameda Research, Ribbit Capital, 10T Holdings and Multicoin Capital.
In February 2022, the Axelar blockchain interoperability network raised $35 million at a $1 billion valuation.
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