Bondex Raises $10.5M to Become Web3 Version of LinkedIn

Bondex, a crowdsourcing recruitment app based in the UK, has announced a significant investment from Animoca Brands. This funding aims to fuel the platform’s growth and integration within the Web3 ecosystem, aiming to make a mark in the evolution of digital recruitment.

Investment and Financial Overview

Bondex raised over $10.5 million in the funding round, including more than $4 million, led by Animoca Brands, Morningstar, Dext Force Ventures, and iAngels. Additionally, an impressive $6.5 million was secured through a community sale on CoinList in March 2024.

This capital injection will enhance the Bondex platform, positioning it to become a Web3 version of established professional networking sites like LinkedIn.

Platform Features and Innovation

Launched in August 2021, Bondex has gained traction with over 4.55 million downloads and more than 500,000 daily active users. The platform distinguishes itself by offering a gamified, professional networking experience powered by the BDXN token.

Furthermore, users can earn up to $10,000 in token-gated referral bounties for successful hires, incentivizing them to act as extended recruitment agents. This innovative approach aims to revolutionize recruitment, leveraging blockchain technology and the power of referrals to offer a decentralized alternative to traditional platforms like LinkedIn.

“Bondex is changing the game for future recruitment through Web3, enabling blockchain technology and the power of referrals to innovate against legacy platforms,” said Yat Siu, co-founder and executive chairman of Animoca Brands. The strategic investment from Animoca Brands highlights the platform’s potential to reshape the professional networking landscape through its unique approach and robust funding.

Strategic Partnerships and Future Plans

Bondex has partnered with several major Web3 companies, including Binance, Blockchain.com, Chainlink, CoinMarketCap, and Ankr, enhancing its recruitment capabilities. According to the announcement, most of the new capital will be used to improve further and integrate the platform within Animoca Brands’ ecosystem as Bondex gears up for a token launch later this year.

“We’re thrilled to be able to reach broader horizons within the world of Web3 and beyond, with the help of Animoca Brands,” said Ignacio Palomera, founder and CEO of Bondex. This partnership boosts Bondex’s growth and solidifies its presence in the Web3 ecosystem, allowing it to extend its reach to a broader audience.