Biconomy Labs Pte.
Latest round
- Seed
Last raised
- Jan 2021
Total raised
- $3M
Investors
- 10
About Biconomy Labs Pte.
Biconomy Labs Pte. Ltd.Biconomy Labs Pte. Ltd. is focused on enhancing decentralized finance (DeFi) interactions through its innovative Biconomy Network.Biconomy offers a comprehensive suite of blockchain solutions aimed at simplifying DeFi interactions across various blockchains. Its core product, the Biconomy Network, allows users to execute complex multi-transaction workflows without incurring gas fees for each transaction, all facilitated with a single signature. This innovative technology leverages the ERC-4337 and ERC-7579 standards, providing an abstracted experience that alleviates on-chain complexities. The company primarily serves developers and businesses in the blockchain landscape, while also catering to end-users engaging in multi-chain DeFi activities.In 2023, Biconomy reported a revenue of USD 5,369,292, alongside an EBITDA of USD 249,251. The company generates revenue through transaction fees associated with its network services, as well as potential partnerships with wallet providers and DeFi platforms that utilize Biconomy's infrastructure. By serving app developers, Biconomy creates a layered revenue structure where decentralized applications can charge users for transactions executed through its network, while also providing gas abstraction features.Biconomy Labs Pte. Ltd. The company is focused on launching new products aimed at enhancing its service offerings, with specific details on release dates to be announced. Additionally, Biconomy aims to expand into new markets, particularly targeting opportunities in Europe and Asia by the end of 2023, to better accommodate the growing demand for cross-chain compatibility. This strategic expansion is aligned with the company’s objective to enhance its technological capabilities and market presence in the rapidly evolving blockchain landscape.
Who invested in Biconomy Labs Pte.
10 investors across 2 rounds
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Questions about Biconomy Labs Pte.
Who invested in Biconomy Labs Pte.?
Biconomy Labs Pte. has 10 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Biconomy Labs Pte. raised?
Biconomy Labs Pte. has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Biconomy Labs Pte. last raise money?
Biconomy Labs Pte.'s most recent round on record is a Seed, in Jan 2021.
What does Biconomy Labs Pte. do?
Biconomy Labs Pte. is a software company.
Where is Biconomy Labs Pte. headquartered?
Biconomy Labs Pte. is headquartered in Singapore, Singapore.
Which VCs invest in companies like Biconomy Labs Pte.?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at Biconomy Labs Pte.'s stage. Their profiles are linked below.
VCs backing software startups at Seed
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