India, July 29 -- Blockchain transaction platform Biconomy announced today that it has raised $9 Mn in a private funding round led by DACM and Mechanism Capital, with strategic investments from Coinbase, Bain Capital, Coinfund, NFX, True Ventures, Proof Group, Ledgerprime, Primitive Ventures, Genblock, Rarestone Capital, Huobi Innovation Labs, and Capital Partners. The raise also includes angel investments from Aave founder Stani Kulechov, Stephane Gosselin from Flashbots, FalconX cofounder Prabhakar Reddy, and more. The completion of this round of financing includes participation from previous investors Woodstock Capital, Eden Block, and Zee Prime too.

Founded in 2019 by Ahmed Al Balaghi, Aniket Jindal, and Sachin Tomar, Biconomy is a m...