Biconomy raises $ 9mn in pvt funding round led by DACM, Mechanism Capital

Biconomy, a blockchain transaction platform with Indian founders, announced on Thursday that it has raised $9 million in a private funding round led by DACM and Mechanism Capital, with strategic investments from Coinbase, Bain Capital, Coinfund, NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Huobi Innovation Labs, and Capital Partners. The fundraise also includes angel investments from Stani of Aave, Hasu, Stephane Gosselin from Flashbots, Prabhakar Reddy from Falcon X, Arbitrum founders, and more. The completion of this round of financing includes participation from previous investors Woodstock Capital, Eden Block, and Zee Prime.

Biconomy was founded in 2019. To date, it has raised $10.5 million. Biconomy has already processed over 3.6 million main net transactions representing $572 million