Biconomy

About

Biconomy is a technology company building transaction infrastructure for next-generation Web 3 applications.

Singapore,Central Region,Singapore
https://biconomy.io

Highlights

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.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Nov 2, 2021 Polygen	Seed	$2.30M	Blockchain	—

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