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Biconomy
investment firm
About
Biconomy is a technology company building transaction infrastructure for next-generation Web 3 applications.
- Singapore,Central Region,Singapore
- https://biconomy.io
Details
- Last Funding Type
- Seed
- Industries
- Blockchain,Information Technology,Software
- Founded date
- Oct 8, 2019
- Operating Status
- Active
- Legal Name
- Biconomy Labs
Biconomy is a relayer infrastructure network and transaction highway to reduce the friction between applications built on the blockchain and the end-users. Biconomy’s relayer network comprises of an SDK and dashboard that abstracts and hides many of the complexities of opening a wallet, storing private keys, paying gas, and buying cryptocurrency.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
5
$24M
Biconomy has raised a total of
$24M
in funding over 2 rounds. Their latest funding was raised on
Oct 28, 2021 from a Initial Coin Offering round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Oct 28, 2021 | Initial Coin Offering | $11.50M | — | — | — | Detail |
| Oct 5, 2021 | Seed | — | 2 | — | — | Detail |
| Jul 28, 2021 | Funding Round | $9M | 21 |
Digital Asset Capital Management
Mechanism Capital
|
— | Detail |
| May 6, 2021 | Series Unknown | $2M | 1 |
Extra Watts
|
— | Detail |
| Dec 31, 2020 | Seed | $1.50M | 13 |
Eden Block
|
— | Detail |
Investments
Number of Investments
Number of Lead Investments
1
0
Biconomy has made 1 investments. Their most recent investment was on
Nov 2, 2021, when Polygen raised $2.30M.
Investors
Number of Lead Investors
Number of Investors
4
33
Biconomy is funded by 33 investors.
Digital Asset Capital Management
and Mechanism Capital
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Digital Asset Capital Management
|
Yes | Funding Round |
|
Mechanism Capital
|
Yes | Funding Round |
|
Extra Watts
|
Yes | Series Unknown |
Everstake
|
— | Seed |
Everstake Capital
|
— | Seed |
Coinbase Ventures
|
— | Funding Round |
Huobi
|
— | Funding Round |
Bain Capital Ventures
|
— | Funding Round |
Chorus One
|
— | Funding Round |
CoinFund
|
— | Funding Round |
Employee Profiles
Number of Employee Profiles
4
Biconomy has 4 current employee profiles, including
Executive Ahmed Al-Balaghi
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