In Brief:
- SIMBA Chain has raised a $25M in Series A funding round
- The funding round was led by Valley Capital Partners with the participation of Notre Dame Pit Road Fund, Elevate Ventures and Stanford Law School Venture Fund
- The Company technology used by the U.S Air force, Army, Navy, Marines, and Boeing.
The US based blockchain startup, SIMBA Chain has raised a $25M in Series A funding round led by Venture Capital Partners.
According to the announcement, funding is used to scale sales and marketing departments, and to “dedicate resources to emerging enterprise-level opportunities such as NFTs.”
Other participating investors included the Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law school venture fund. The company technology is currently used by the U.S Air force, Army, Navy, Marines, and Boeing. Simba has grown its revenue by 360% over the last 18 months and surpassed 6,000 users.
“Users across multiple spectrums have embraced and validated the SIMBA Chain model, which simplifies development of smart contracts,” said CEO and Co-founder Joel Neidig. “The market has also responded positively to our support of multiple blockchains including Ethereum, Avalanche, RSK, Stellar and many others, making SIMBA Chain-based applications simple, highly portable and sustainable.”
Also Read: Syndicate Protocol Raises $20M in a Series A Funding Round
SIMBA chains expect business, enterprise, academic institutions and others to use software to manage and monetize digital and physical assets.
SIMBA Chain is a startup incubated at the University of Notre Dame. It offers a simple, time and energy-efficient method for deploying blockchain technology in the most secure and complex environments.
