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News by FinTech Collective Archive

Helium raises $200m in Series D funding

Sarah Wolter

February 18, 2022

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Sarah Wolter

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San Francisco based decentralized hotspot network raised $200m in Series D funding from investors including Tiger Global and FTX Ventures.

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Helium is a decentralized network of over half a million hotspots that provides bandwidth for, and collects data from, nearby internet-of-things devices. Hotspot owners receive Helium tokens, called HNT, for their efforts. The more a hotspot is used, the more HNT an owner gets.

https://www.axios.com/crypto-startup-helium-raises-200-million-36aafa19-d6af-4a00-8dc4-ff6fe10925b7.html

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