Decentralized Wireless Network Helium Closed $200 Million Series D Funding Led by Tiger Global and a16z

Helium Inc., the original creator of the Helium decentralized wireless network, announced a $200 million Series D funding round performed at a pre-money valuation of $1 billion, bringing the firm’s updated valuation to $1.2 billion. The round was co-led by Tiger Global and Andreessen Horowitz’s a16z crypto fund. In addition, Helium Inc. also announced it now will be known as Nova Labs, part of an effort to help alleviate confusion between the Helium decentralized network/project, the blockchain behind it, the Helium token ($HNT), and the core team that started it all. Previously, Nova Labs closed $110 million in funding led by a16z in August last year.