Helium Raises $15M in Series C Funding

heliumHelium, a San Francisco, CA-based peer-to-peer wireless network, raised $15m in Series C funding.

The round, which brought total funding to $51M, was co-led by Union Square Ventures and Multicoin Capital, with participation from existing backers Khosla Ventures, GV (formerly Google Ventures), FirstMark and Munich Re Ventures.

Co-founded in 2013 by Shawn Fanning of Napster, Amir Haleem, and Sean Carey, Helium is building a peer-to-peer wireless network that connects devices such as smart dog collars and wildfire sensors to the internet by rewarding anyone to become a network operator.

Anyone can host a Helium Hotspot, a wireless networking device that reaches 200 times farther than Wi-Fi thanks to open-source “LongFi” protocol and transmits data cheaply, and earn rewards for building the peer-to-peer wireless network, The People’s Network.



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