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New Deal


Announced

Completed

Tiger Global and FTX Ventures led a $200m Series D funding round in Helium.

Financials

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Transaction Value£146m
Consideration TypeCash
Capital Owned-
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

United States

Cross Border

Minority

Acquisition

Venture Capital

Friendly

Private Equity

FinTech

Completed

cryptocurrencies

fintech

Synopsis

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Investment managers Tiger Global and FTX Ventures led a $200m Series D funding round in Helium, a crypto startup, with participation from Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures and FirstMark Capital. Helium is a decentralized network of over half a million hotspots that provides bandwidth for, and collects data from, nearby internet-of-things devices. Hotspot owners receive Helium tokens, called HNT, for their efforts. The more a hotspot is used, the more HNT an owner gets.

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