Helium (also known as Nova Labs) was founded in 2013 by Amir Haleem, and Shawn Fanning. The company has not publicly endorsed a plan to pursue an IPO at this time, though a successful round of recent funding speaks to the company's upward trajectory. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Helium aims to develop a decentralized wireless network using blockchain technology and machine-to-machine communication, a project they refer to as "The People's Network." The company has received over $360 million in funding from investors including Tiger Global Management, FTX Ventures, Union Square Ventures, SV Angel, and others. In February 2022, Helium completed a $200 million funding round that resulted in a valuation of $1.2 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
03/30/2022 | Series D | $200MM | $xx.xx | $121.36B | Andreessen Horowitz, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
3,961,353
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Tiger Global Management
|
||||||
06/12/2019 | Series C | $14.85MM | $xx.xx | $15.46B | Gv, Khosla Ventures, Marc Benioff, Multicoin Capital, Union Square Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,898,960
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Gv, Khosla Ventures, Marc Benioff, Multicoin Capital, Union Square Ventures
|
||||||
04/25/2016 | Series B | $20MM | $xx.xx | $7.42B | Firstmark, Gv, Hartford Steam Boiler Ventures, Khosla Ventures, Munich Re | |
Price per Share
$xx.xx
Shares Outstanding
3,920,106
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Firstmark, Gv, Hartford Steam Boiler Ventures, Khosla Ventures, Munich Re
|
||||||
12/09/2014 | Series A | $16.62MM | $xx.xx | $2.77B | Digital Garage, Firstmark Capital, Khosla Ventures, Marc Benioff, Slow Ventures, Sv Angel | |
Price per Share
$xx.xx
Shares Outstanding
4,810,024
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Digital Garage, Firstmark Capital, Khosla Ventures, Marc Benioff, Slow Ventures, Sv Angel
|