Crypto’s newest unicorn is marking the occasion with a new name, but the decision is more than just a branding choice.
Helium Inc., the company behind the Helium blockchain network, said Wednesday it would now be known as Nova Labs. The newly named startup announced it closed $200 million in an all-equity funding round at a $1.2 billion valuation. Tiger Global Management and Andreessen Horowitz led the deal, which included a host of other well known investors including Alexis Ohanian’s Seven Seven Six, crypto specialist Pantera Capital, and GV (previously Google Ventures).
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