Internet of Things startup Helium received $15 million in investment and plans to launch tokens

Supported by two of the most prominent investors in the encryption industry, the IoT startup Helium, which was founded in 2013, plans to add tokens to its business model. The company announced on Wednesday that it has received a $15 million Series C investment led by Union Square Ventures and Multicoin Capital. According to a spokesperson, investors will receive a stake in Helium and a portion of the tokens generated in the next few years after the blockchain is launched. The new round of financing has brought Helium's total funding to nearly $54 million.