Helis Network, the enterprise solution provider for decentralized finance, has closed its seed-stage financing round, securing USD 500,000 in investment funding. NGC Ventures II, the recently launched, all-weather multi-strategy crypto fund of one of the world’s leading blockchain investment firms, NGC Ventures, was among one of the key contributors of the raise.
Earmarked towards talent acquisition, technological innovation, and industry traction, funds raised will boost the next phase of expansion for the project as it mobilizes enterprise participation in the new, decentralized economy.
Additional investments were made by several high-profile investment partners, such as Woodstock, a multi-asset investment firm; Obsidian Capital, a decentralized blockchain ecosystem fund; SMC Capital, an NYC-based VC fund; and Black Edge Capital, a proprietary trading firm specializing in option market-making.
Commenting on the investment, Roger Lim, Founding Partner at NGC Ventures said: “Decentralized infrastructure illustrates a trust-driven model of economic activity, gesturing to an attitudinal shift in the financial industry. While security and privacy continue to lead the charge for industry expectations, by engineering excellence through product design and usage, blockchain adoption becomes easily contextualized. We’re excited to be part of this undertaking for enterprise to enter the decentralized economy.”
Aimed at making decentralized finance accessible and powerful for global enterprises, Helis Network’s flagship product, Payroll, leverages on the Helis Payment Protocol to bring about greater efficiencies in the automation of processes and streamline of operational friction points. Payroll has since been iterated as a pilot program for several enterprise clients, including Nexo, Kyber Network, Aion, as well as Loopring. The company is also actively developing and expanding its product suite, including a loan and derivatives use cases for a wider audience.
On the momentum of their funding, Kerman Kohli, Founder of Helis Network said: “While our early traction affirms the compelling use case of a strong product-market fit, the strategic support from NGC Ventures, will bring new vigor as we continue on our mission to transition enterprise into a new era of finance. Growth will focus on growing the community and existing product suite, complementing the changing demands of enterprise in a decentralized economy.”
NGC Ventures II, is a multi-strategy crypto fund that aims to generate long-term value through early-stage investments, while also creating recurring income through staking and quantitative trading teams. NGC Ventures II has been a key contributor to projects such as Elrond, ChainX, Piexgo, and PromeOeus.
Helis Network is committed to making decentralized finance accessible for global enterprises. The company is creating a suite of products for the next generation of businesses to support the integration and utilization of blockchain technology.
Built upon a standard framework of Ethereum smart contracts and front-end libraries, Helis Network’s Payments Protocol allows businesses to make flexible payments, with the ability to personalize each payment in terms of timing and currency.
The company is also actively developing and expanding its product suite, including lending and derivatives use cases via its aggregator layer. Helis’ aggregator layer provides a single interface and set of smart contracts to source liquidity and the best prices for enterprises and retail users to lend.
NGC Ventures (NGC) is one of the largest and most active institutional investors of cryptocurrencies. NGC adopts best practices from traditional financial markets to invest in and incubate leading projects in the crypto industry worldwide.
Both their fund I and II have invested in over 70 projects, mostly in blockchain infrastructure and adoption technologies in areas such as De-Fi, Gaming and Decentralized Computing. NGC also incubated NGC StakeX, which is a node-operating division. NGC Ventures has offices in Singapore, Shanghai and San Francisco.