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Updated: 13 June 2019
  • Union Square Ventures and Multicoin Capital led Series C funding
  • Investors to get equity in the startup and a share of native tokens

Helium, an Internet of Things (IoT) startup, working on long-range, low-bandwidth connectivity, said it successfully closed a $15 million Series C, led by a New York-based venture capital firm Union Square Ventures and crypto fund Multicoin Capital.

In exchange for the investment, investors will acquire equity in Helium as well as a share of their native tokens.

“The goal was always to try to build this big broad network that everybody could use,” said Helium CEO and founder Amir Haleem.