(Special edition) Helius Investment Memo
In this special edition, we’ll share our bite-size investment memo on a company we have previously featured that just made its first fundraising announcement.
Helius was previously featured in our 34th edition on July 27th. (Link to their official announcement)
Below are some of the reasons why we’re interested in what they are building and why we believe they could go big 🚀
Founder-Market fit: Mert, Nick and Liam were the perfect founders to solve this problem, coming from strong engineering backgrounds at Coinbase and AWS where they have specialized in API infrastructure for several years.
Make building in Solana much easier: To build on Solana, developers and teams currently need to invest a lot of efforts and time (even months) in building up pricey indexing infrastructure. Leveraging Helius, developers are able to charge up robust applications and workflows on Solana.
Empowering Solana ecosystem: Solana has consistently processed more than 2,000 transactions per second, which make them as one of the most performant blockchains. However, the ecosystem has shown that a fast-growing company is needed to supply the foundational infrastructure that other chains take for granted. In addition, we believe that most of the technology stacks will be built around API indexing and low latency webhooks.