Decentralized finance (DeFi) project Helium has closed a $200 million Series D funding round, according to Axios.
According to the publication, the startup’s valuation has reached $1.2 billion.
Participants in the fundraising include Tiger Global and FTX Ventures, as well as early investors Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures and FirstMark Capital.
The project raised $111 million in August 2021 from Andreessen Horowitz, Alameda Research, Ribbit Capital, 10T Holdings and Multicoin Capital during a token sale.
In February 2022, blockchain interoperability network Axelar raised $35 million at a $1 billion valuation.