Blockchain project Helium raised $200 million in investments

04.04.2022 13:43
by Artem Ustinov
1 min read

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).

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  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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