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BICONOMY Secures Strategic Funding with Participation from Major Investors

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TechFlow
271Words
Mar 28, 2024

BICONOMY, a company that provides infrastructure for account abstraction, has announced the successful completion of a strategic financing round. This round attracted investment from notable investors such as JUMP CAPITAL, BORDERLESS CAPITAL, CONSENSYS VENTURES, TAISU VENTURES, MANIFOLD TRADING, SIDE DOOR VENTURES, and BLOCKCHAIN FOUNDERS FUND. Additionally, prominent angel investors including BALAJI SRINIVASAN, an American entrepreneur and investor, and JORDI ALEXANDER, the founder of SELINI CAPITAL, also participated in the round. BICONOMY's account abstraction-SDK has already served over 4.5 million users, generated more than 6.1 million USEROPS, and currently holds nearly 50% of the market share in account abstraction transactions. It supports over 1.2 million smart accounts.

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