Biconomy is a multichain relayer infrastructure network and transaction platform that enables Web3.0 developers to easily build applications
Biconomy will use the new funding to develop its multi-chain transaction infrastructure for next-generation Web3.0 applications and expand business ventures
In addition to new funding, Biconomy is also gearing up to launch its native token $BICO as part of decentralizing their multi-chain infrastructure
Blockchain transaction platform Biconomy announced today that it has raised $9 Mn 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 raise also includes angel investments from Aave founder Stani Kulechov, Stephane Gosselin from Flashbots, FalconX cofounder Prabhakar Reddy, and more. The completion of this round of financing includes participation from previous investors Woodstock Capital, Eden Block, and Zee Prime too.