When was Biconomy founded?

Biconomy was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Biconomy located?

Biconomy is headquartered in Dubai, United Arab Emirates. It is registered at PLOT NO. 76 D, UDYOG VIHAR PHASE - 4 SECTOR -18, Gurgaon, GURUGRAM, Haryana, India, 122015.

Who is the current CEO of Biconomy?

Ahmed Al-Balaghi of Biconomy. They have also founded 1 company and are angel investors in 7 startups, including .

Which legal entities is Biconomy associated with?

Biconomy is associated with BICONOMY LABS PRIVATE LIMITED.

How many employees does Biconomy have?

As of Jul 31, 2026, the latest employee count at Biconomy is 27.

Is Biconomy a funded company?

Biconomy is a funded company, having raised a total of $10.5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 11, 2021.

When was the latest funding round of Biconomy?

Biconomy's latest funding was a $***** Series B round on Mar 28, 2024, with participation from 6 investors.

What is the annual revenue of Biconomy?

Annual revenue of Biconomy is less than ₹10 Cr as on Mar 31, 2024

Where does Biconomy rank among its competitors?

Biconomy ranks 24th amongst 324 active competitors, of which 91 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Synthetix, which secured $150M in Apr, 2026.

Who are the top competitors of Biconomy?

Biconomy's top competitors include IoTeX, Dash and Synthetix. Among them, Synthetix secured the most recent funding round in April, 2026.

Biconomy - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of a blockchain infrastructure platform offering Web3 experiences. It offers Web3 experience through its modular execution environment, enabling cross-chain interoperability and reducing friction for end-users. It execute complex DeFi actions, set repeat or sheduled transactions or enable agentic automation. It orchestrate complex multi-transaction sequences across one or more blockchains. Combine function calls, bridges, solvers and gas abstraction to provide users with a seamless UX which makes all chains feel like one.

Website: www.biconomy.io/
Social
Registered Address: PLOT NO. 76 D, UDYOG VIHAR PHASE - 4 SECTOR -18, Gurgaon, GURUGRAM, Haryana, India, 122015

Key Metrics

Founded Year

2019

Location

Dubai, United Arab Emirates

Stage

Series B

Total Funding

$10.5M in 3 rounds

Latest Funding Round

Series B, Mar 28, 2024, $*****

Investors

Edenblock & 50 more

Ranked

24^th among 324 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2024

Employee Count

27 as on Jul 31, 2026

Investment & Acquisitions

Klaster & 2 more

Similar Companies

IoTeX & 344 more

View Biconomy's full profile

Biconomy is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BICONOMY LABS PRIVATE LIMITED CIN: U72900HR2020PTC091636 , India, Strike off	Dec 16, 2020	0 - ₹10 Cr (As on Mar 31, 2024)	-

Biconomy has raised a total funding of $10.5M over 3 rounds. Its first funding round was on Jan 11, 2021. Its latest funding round was a Series B round on Mar 28, 2024 for $*****. 6 investors participated in its latest round. Biconomy has 40 institutional investors and 11 angel investors.

Here is the list of recent funding rounds of Biconomy:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 28, 2024	5297004	Series B	1198136	7141725	4125974	8047917
Jul 28, 2021	4330314	Series A	5197361	3377517	4202332	CoinFund & 16 more
Jan 11, 2021	7985564	Seed	3149096	4640326	Edenblock	Fenbushi Capital & 13 more

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View details of Biconomy's funding rounds and investors

The founders of Biconomy are Aniket Jindal, Ahmed Al-Balaghi and Sachin Tomar. Ahmed Al-Balaghi is the CEO of Biconomy.

Here are the details of Biconomy's key team members:

Aniket Jindal: Co-Founder of Biconomy. They are also an angel investor in 17 startups.
Contact Info: 1 email address
Ahmed Al-Balaghi: Co-Founder & CEO of Biconomy. They are also an angel investor in 7 startups.
Contact Info: 1 email address
Sachin Tomar: Co-Founder of Biconomy. They are also an angel investor in 1 startup.
Contact Info: 1 email address

View details of Biconomy's Founder profiles and Board Members

Biconomy's employee count trend

Biconomy has 27 employees as of Jul 26. Here is Biconomy's employee count trend over the years:

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Top competitors of Biconomy include IoTeX, Dash and Synthetix. Here is the list of Top 10 competitors of Biconomy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	IoTeX 2017, Tortola (United Kingdom), Series A	Developer of blockchain infrastructure for real world artificial intelligence	$50M	Borderless Capital, SNZ & 37 others	77/100
2nd	Dash 2014, Scottsdale (United States), Series B	Digital currency for making payments	$16.2M	Blockwall Management, All Blue Capital & 6 others	68/100
3rd	Synthetix 2017, Sydney (Australia), Series C	Operator of a platform for perpetual futures trading on Ethereum	$240M	Bain Capital Ventures, Coinbase & 21 others	66/100
4th	Astar Network 2019, Singapore (Singapore), Series C	Cloud-based smart contract platform offering blockchain network for virtualization solutions	$34.4M	GSR, Alameda Research & 26 others	65/100
5th	Espresso Systems 2022, Stanford (United States), Series B	Provider of a blockchain-based privacy solution for web3 applications	$60M	Greylock Partners, Electric Capital & 16 others	64/100
6th	Zora 2020, Sacramento (United States), Seed	Online marketplace for NFTs	$62.6M	Haun Ventures, Green Bay Ventures & 8 others	64/100
7th	Gnosis 2015, Gibraltar (Gibraltar), Seed	Crypto-based financial service provider	$500K	Bixin Ventures, NGC Ventures & 12 others	64/100
8th	Metis 2018, Singapore (Singapore), Seed	Blockchain-based application development platform for developers	$4M	PARSIQ, MV Global & 34 others	63/100
9th	Zilliqa 2017, Singapore (Singapore), Seed	Blockchain-based platform for NFT and Defi application development	-	NGC Ventures, FBG Capital & 38 others	60/100
10th	MathWallet 2018, Singapore (Singapore), Series B	Cross-chain wallet for digital assets	$19.8M	Binance Labs, Fundamental Labs & 6 others	59/100
24th	Biconomy 2019, Dubai (United Arab Emirates), Series B	Provider of a blockchain infrastructure platform offering Web3 experiences	$10.5M	NFX, Fenbushi Capital & 49 others	49/100

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Biconomy has made 2 investments in Polygen and DeFi11 and acquired Klaster.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 04, 2024	Acquisition	Klaster	2023	Zagreb (Croatia)
Nov 02, 2021	Investments	Polygen	2021	Dubai (United Arab Emirates)
Jun 03, 2021	Investments	DeFi11	2020	Delhi (India)