Blockchain startup Biconomy raises $9 million ahead of token listing
The company will use the funds to build new products, increase hiring and improve its infrastructure
Blockchain startup Biconomy, which was founded by Indians, has raised $9 million (approximately Rs. 67 crore) in a private funding round led by DACM and Mechanism Capital. Other investors, including American crypto exchange Coinbase and investment firm Bain Capital, have also made strategic investments in the company. Other investors who participated in the round include NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Capital Partners, Huobi Innovation Labs, Eden Block and Zee Prime.