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
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Website
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Social
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- Legal Name Bioconnect Inc.
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $1.5M
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First Round
First Round
(10 Sep 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2020 | Amount | Debt – Conventional - BioConnect | Valuation |
investors |
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| Sep, 2019 | Amount | Series A - BioConnect | Valuation | FedDev Ontario |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BioConnect
BioConnect has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Gentex, BDC and FedDev Ontario. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BioConnect
BioConnect has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include MedixSafe and Silent Partner Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electronic cabinets are manufactured by MedixSafe in Memphis.
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2009 | ||||
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RFID-based asset and inventory management solutions are provided.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BioConnect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bioconnect Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| domain | founded_year | HQ Location |
Passwordless multi-factor authentication and identity assurance solutions are provided.
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| domain | founded_year | HQ Location |
Digital identity solutions company providing facial biometrics and digital admission solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bioconnect
Frequently Asked Questions about BioConnect
When was BioConnect founded?
BioConnect was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is BioConnect located?
BioConnect is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is BioConnect a funded company?
BioConnect is a funded company, having raised a total of $3.9M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.9M, raised on Sep 10, 2019.
What does BioConnect do?
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.
Who are the top competitors of BioConnect?
What products or services does BioConnect offer?
BioConnect offers Arc Vision, Arc Touch, and BioEntry W3.
How many acquisitions has BioConnect made?
BioConnect has made 2 acquisitions, including MedixSafe, and Silent Partner Technologies.
Who are BioConnect's investors?
BioConnect has 3 investors. Key investors include Gentex, BDC, and FedDev Ontario.
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