CANADA – Helius, a Toronto, Canada-based vertically integrated developer platform that helps high-performance crypto applications build on Solana, raised $9.5M in Series A funding.
The round was led by Foundation Capital, with participation from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, Balaji Srinivasan, Anatoly Yakovenko, Raj Gokal, and Kyle Samani, among other Solana ecosystem founders.The company intends to use the funds to hire low-level systems and backend engineers, enhance its deep technical stack to help further its mission of eliminating complexities and improving the entire Solana network from the bottom up.Led by Mert Mumtaz, Helius is a developer platform designed to accelerate and inspire the adoption of crypto-powered systems. It supports the majority of the Solana ecosystems’ infrastructure needs. Since its inception in 2022, the company has served industry leaders like Shopify, Discord, and Helium — while improving many diverse use cases ranging from decentralized finance to global payments.Commenting on the news, Mert Mumtaz said: “The biggest criticism of crypto to date has been the lack of useful applications that benefit everyday people. Most of the focus has been on speculation instead of tangible things producing real value. To change this, we need to make it as simple as possible for developers to build apps that are cheap, fast, and scalable. And this is the mission of Helius. We simplify and enhance the experience for developers on the highest-performing chain—Solana—by giving them the platform they need to build the best possible dApps in crypto. With our world-class team and investors, we are excited to advance our mission and help increase the probability of a crypto future.”22/02/2024
