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 May 31, 2026, the latest employee count at Biconomy is 29.

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 22nd amongst 305 active competitors, of which 89 are funded. It stands 9th 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, Decentraland and Dash. Among them, Synthetix secured the most recent funding round in April, 2026.

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

Biconomy is a series B company based in Dubai (United Arab Emirates), founded in 2019 by Aniket Jindal, Ahmed Al-Balaghi and Sachin Tomar. It operates as a Provider of a blockchain infrastructure platform offering Web3 experiences. Biconomy has raised $10.5M in funding from investors like Edenblock, Digital Asset Capital Management and Mechanism Capital. The company has 305 active competitors, including 89 funded and 3 that have exited. Its top competitors include companies like IoTeX, Decentraland and Dash.

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

22^nd among 305 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2024

Employee Count

29 as on May 31, 2026

Investment & Acquisitions

Klaster & 2 more

Similar Companies

IoTeX & 330 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 - $1M (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	2385658	Series B	1583894	9056618	9837500	4007796
Jul 28, 2021	1157126	Series A	1384747	2332703	8204056	CoinFund & 16 more
Jan 11, 2021	3629162	Seed	9102680	7886046	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: 2 email addresses

View details of Biconomy's Founder profiles and Board Members

Biconomy's employee count trend

Biconomy has 29 employees as of May 26. Here is Biconomy's employee count trend over the years:

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Top competitors of Biconomy include IoTeX, Decentraland and Dash. 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 infrastructure providing real-time data for artificial intelligence applications	$50M	SNZ, HashKey Capital & 37 others	77/100
2nd	Decentraland 2017, Buenos Aires (Argentina), Series B	NFT-based platform for virtual world games	$25M	Animoca Brands, pinup-online.in & 35 others	69/100
3rd	Dash 2014, Scottsdale (United States), Series B	Digital currency for making payments	$16.2M	Blockwall Management, All Blue Capital & 6 others	69/100
4th	Synthetix 2017, Sydney (Australia), Series C	Operator of a platform for perpetual futures trading on Ethereum	$240M	Bain Capital Ventures, Goldman Sachs Asset Management ... & 21 others	67/100
5th	Astar Network 2019, Singapore (Singapore), Series C	Cloud-based smart contract platform offering blockchain network for virtualization solutions	$34.4M	Polychain, GSR & 25 others	65/100
6th	Espresso Systems 2022, Stanford (United States), Series B	Provider of a blockchain-based privacy solution for web3 applications	$60M	Electric Capital, Greylock Partners & 16 others	64/100
7th	Zora 2020, Sacramento (United States), Seed	Online marketplace for NFTs	$62.6M	Haun Ventures, Green Bay Ventures & 8 others	64/100
8th	Gnosis 2015, Gibraltar (Gibraltar), Seed	Crypto-based financial service provider	$500K	NGC Ventures, Bixin Ventures & 11 others	64/100
9th	Metis 2018, Singapore (Singapore), Seed	Blockchain-based application development platform for developers	$4M	AC Capital, Chain Capital & 34 others	63/100
10th	MathWallet 2018, Singapore (Singapore), Series B	Cross-chain wallet for digital assets	$19.8M	Binance Labs, Fundamental Labs & 6 others	61/100
22nd	Biconomy 2019, Dubai (United Arab Emirates), Series B	Provider of a blockchain infrastructure platform offering Web3 experiences	$10.5M	True Ventures, Bain 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)