About Biconomy
Biconomy is a company based in Dubai (United Arab Emirates) founded in 2019 by Sachin Tomar, Ahmed Al-Balaghi, and Aniket Jindal. It operates as a API-as-a-Product. Biconomy has raised $10.5 million across 3 funding rounds from investors including Binance, Coinbase and Bain Capital. The company has 1 employees as of March 29, 2024. Biconomy has completed 1 acquisition, including Klaster. Biconomy offers products and services including Biconomy SDK. Biconomy operates in a competitive market with competitors including IoTeX, Synthetix, Dash, Origin Protocol and Metis, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 1 as on 29 Mar, 2024
- Founders Sachin Tomar, Ahmed Al-Balaghi, Aniket Jindal
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Biconomy Labs Private Limited
- Date of Incorporation 16 Dec, 2020
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$505.39 K (USD)837.12as on Mar 31, 2022
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Net Profit
$38.48 K (USD)2794.3as on Mar 31, 2022
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EBITDA
$56.25 K (USD)3693.17as on Mar 31, 2022
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Total Equity Funding
$10.5 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Binance
& 36 more
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Employee Count
1
as on Mar 29, 2024
- Investments & Acquisitions
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Products & Services of Biconomy
Biconomy offers a comprehensive portfolio of products and services, including Biconomy SDK.
A toolkit for simplifying blockchain interactions for developers.
People of Biconomy
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Funding Insights of Biconomy
Biconomy has successfully raised a total of $10.5M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Biconomy
Biconomy has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Binance, Coinbase and Bain Capital.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and funds of fund firm focused on multiple sectors
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Venture capital funding and acceleration are provided to sector-agnostic startups.
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Venture capital arm of ConsenSys
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Locked | Locked | Locked |
Investor details for Biconomy
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Investments & Acquisitions by Biconomy
Biconomy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Klaster.
Investment portfolio details for Biconomy
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cross-chain capabilities for wallets and contracts are provided.
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Locked | Locked | 2023 | Locked |
Complete acquisition details for Biconomy
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Financial Statements - Biconomy
Detailed financials for Biconomy
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Biconomy Comparisons
Peer comparison for Biconomy
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Competitors of Biconomy
Biconomy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IoTeX, Synthetix, Dash, Origin Protocol and Metis, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Blockchain-based connectivity for IoT applications is facilitated.
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Derivatives liquidity protocol
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Dash is recognized as a digital cash cryptocurrency solution.
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A blockchain platform is provided for building decentralized marketplaces.
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Blockchain platform is utilized for developing and launching decentralized applications.
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Detailed competitors of Biconomy
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Latest news on Biconomy
Complete news archive for Biconomy
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Frequently Asked Questions about Biconomy
Biconomy was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Biconomy is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Ahmed Al-Balaghi is the current CEO of Biconomy. They have also founded this company.
Biconomy is a funded company, having raised a total of $10.5M across 3 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Biconomy is 1.
Annual revenue of Biconomy is $505.39K as on Mar 31, 2022.
Biconomy is established as a provider of blockchain infrastructure solutions. It operates within the technology sector, focusing on simplifying user interactions across multiple blockchain networks. Tools and APIs are developed to enhance developer experience and enable seamless cross-chain operations. The company is dedicated to addressing complexities in blockchain adoption through innovative solutions.
Biconomy offers Biconomy SDK.
Biconomy has made 1 acquisition, including Klaster.
Biconomy has 37 investors. Key investors include Binance, Coinbase, Bain Capital, HTX, and CoinFund.