About BioConnect
BioConnect is a company based in Toronto (Canada) founded in 2009 was acquired by Gentex in November 2025. BioConnect has raised $3.9 million across 2 funding rounds from investors including Gentex, BDC and FedDev Ontario. BioConnect has completed 2 acquisitions, including MedixSafe and Silent Partner Technologies. BioConnect offers products and services including Arc Vision, Arc Touch, and BioEntry W3. BioConnect operates in a competitive market with competitors including BitGo, Megvii, Yoti, LifeLock and HYPR, among others.
- Headquarter Toronto, Canada
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Phone
Locked
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Website
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Social
Locked
- Legal Name Bioconnect Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$3.9 M (USD)
in 2 rounds
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Latest Funding Round
$1.5 M (USD), Debt – Conventional
Jul 24, 2020
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Investors
Gentex
& 2 more
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Employee Count
Not available
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Investments & Acquisitions
MedixSafe
& 1 more
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Acquired by
Gentex
(Nov 17, 2025)
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Products & Services of BioConnect
BioConnect offers a comprehensive portfolio of products and services, including Arc Vision, Arc Touch, and BioEntry W3.
AI-optimized facial authentication for secure access control.
Fingerprint reader with WiFi for indoor and outdoor use.
Advanced facial authentication device for identity verification.
Funding Insights of BioConnect
BioConnect has successfully raised a total of $3.9M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.5 million completed in July 2020. 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 BioConnect
BioConnect has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Gentex, BDC and FedDev Ontario.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services for small and medium-sized enterprises are provided.
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It serves as a government backed investment fund focused on the economic growth of southern ontorio.
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Gentex Corporation is engaged in developing automotive and safety technologies.
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Investor details for BioConnect
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- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by BioConnect
BioConnect has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MedixSafe and Silent Partner Technologies.
Investment portfolio details for BioConnect
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electronic cabinets are manufactured by MedixSafe in Memphis.
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RFID-based asset and inventory management solutions are provided.
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Complete acquisition details for BioConnect
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - BioConnect
Detailed financials for BioConnect
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- Profit trends
- Statement rows
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Bioconnect Comparisons
Peer comparison for BioConnect
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of BioConnect
BioConnect 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 BitGo, Megvii, Yoti, LifeLock and HYPR, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Crypto-based custody, trading, and lending services are provided to institutions.
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Facial recognition and AI video analysis solutions are provided.
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Identity verification solutions are provided for multiple industries digitally.
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Identity theft is protected and prevented through cyber monitoring services.
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Passwordless multi-factor authentication and identity assurance solutions are provided.
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Digital identity solutions company providing facial biometrics and digital admission solutions
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Detailed competitors of BioConnect
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Verified entity values are shown only after access is granted.
Latest news on Bioconnect
Complete news archive for BioConnect
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- Full article archive
- Source and publication date
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Frequently Asked Questions about BioConnect
BioConnect was founded in 2009 and raised its 1st funding round 10 years after it was founded.
BioConnect is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
BioConnect is a funded company, having raised a total of $3.9M across 2 funding rounds to date.
BioConnect was founded in 2009 in Toronto, Canada, and operates in the biometrics and identity access management sector. A platform for integrating biometrics hardware and software is offered, along with lifecycle management tools. BioConnect ID serves as the core product, enabling organizations to unify multiple biometric solutions for enterprise authentication, data center security, and time and attendance monitoring. Operations focus on secure hardware integration across various environments.
BioConnect offers Arc Vision, Arc Touch, and BioEntry W3.
BioConnect has made 2 acquisitions, including MedixSafe, and Silent Partner Technologies.
BioConnect has 3 investors. Key investors include Gentex, BDC, and FedDev Ontario.