Helium raises £147m for its blockchain-based telecoms network

Helium

Helium, a decentralised telecommunications network, has raised $200 million (£147m) in a Series D funding round at a $1.2 billion (£881m) valuation, according to Axios.

The Helium network is a globally distributed network of hotspots that provide public, long-range wireless coverage for Internet of Things (IoT) devices. Running a hotspot rewards the owner with HNT, the native cryptocurrency of the Helium blockchain.

Major venture capital firms such as Tiger Global and...