Simba Chain Raises $25 Million In Series A Funding

Sep 03, 2021•almost 4 years ago

Amount Raised

$25 Million

Round Type

series a

South Bend

Description

SIMBA Chain, the technology company that has eliminated the complexities of blockchain app development and reduced energy usage thus opening the door to a world of users, has closed a $25 million Series A funding round led by Valley Capital Partners. The round received additional participation from the Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law School Venture Fund, and individuals affiliated with Kohlberg, Kravis & Roberts (KKR), Amazon, Apple, Facebook, SpaceX, Gap, Estee Lauder, AppLovin, Microsoft, Moelis & Company, Stanford University, the Golden State Warriors, the founders of Lightspeed Venture Partners and New Enterprise Associates and other individual investors.

Company Information

Company

Simba Chain

Location

South Bend, Indiana, United States

About

SIMBA Chain's cloud-based enterprise platform enables universities, industry, governments, and individual programmers to quickly develop and deploy Web 3.0 distributed applications (dApps) across many blockchain platforms. SIMBA Chain was founded in 2017 through a DARPA grant awarded to the University of Notre Dame and ITAMCO and has received multiple awards, including a 2020 U.S. Small Business Administration Tibbetts Award, TechPoint's 2019 Mira Award for New Product of the Year, and 1st Source Bank's 2019 Commercialization Award. SIMBA Chain’s ecofriendly, energy efficient platform supports Avalanche, Ethereum, Consensys Quorum, Binance Smart Chain, RSK, Stellar, Hyperledger, and other blockchain protocols. Learn more.

Funding Insights

Based on industry data

Tech investment trends

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