Helius Raises $9.5M in Series A Funding
Summary
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 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. 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.