- 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.