DeFi Project Helium Raises $200 Million at a $1.2 Billion Valuation

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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.

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