Blockchain project Helium raised $200 million in investments
Tech company Helium closed an investment round, announced a name change, and raised $200 million. Helium achieved a market valuation of $1.2 billion and has become one of the largest technology startups in the industry.
The round was led by the investment company Tiger Global, as well as Deutsche Telekom, GV. The proceeds will be used to expand the team and create new products.
In addition, the company will change its name to Nova Labs. This is done so that customers can distinguish between Nova Labs, the Helium blockchain, and the Helium token (HNT).