Simba chain us 25m series valley

simba chain us 25m series valley

Simba Chain, a South Bend, Ind.-based technology company focused on blockchain app development and reducedenergy usage reduction, closed a $25m Series A funding.

The round was led by Valley Capital Partners with 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.


Airforce, Army, Navy and Marines, as well as Boeing and a number of other customers for a wide range of commercial applications.

“Demand for our Web3 smart contracts platform has accelerated across all of our markets much quicker than we anticipated,” said Joel Neidig, co-founder and chief executive of Simba Chain. “Users across multiple spectrums have embraced and validated the Simba Chain model, which simplifies the development of smart contracts.”

Neidig also credited the fact that Simba Chain supports multiple blockchains, including Ethereum, RSK, Stellar and many others, enabling the company’s smart contract applications to be highly portable.

The startup incubated at the University of Notre Dame in 2017 and rapidly landed numerous government contracts early on.

Thanks to the intellectual depth and insatiable curiosity of its team, SIMBA Chain has succeeded in establishing impressive beachheads in the defense and enterprise markets – a rare thing to see in emerging frontier technologies like blockchain.”

“This is one of the more exciting blockchain companies I’ve seen in a while,” observed Joseph Grundfest, a Stanford Law School professor, former commissioner of the Securities and Exchange Commission and member of Stanford’s Center for Blockchain Research. “SIMBA Chain solves a very big problem; most companies don’t know how to adopt or manage blockchain technology. SIMBA Chain makes that easy and cheap, so it’s a bit like Stripe for the blockchain.

Simba chain us 25m series valleya

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.”

SIMBA Chain’s technology is currently used by Fortune 500 companies and other multi-billion-dollar organizations.

Steve O’Hara, Managing Partner, Valley Capital Partners: “Since its founding in 2017, SIMBA Chain has distinguished itself by solving the incredibly hard problem of making blockchain technology, which is inherently complex and difficult to master, accessible to literally anyone who wants to realize the advantages blockchain has to offer.

Simba chain us 25m series valleys

Valley Capital Partners has led a US$25 million Series A funding round for SIMBA Chain – a cloud-based SCaaS platform that enables users to implement dApps (decentralized applications) for blockchain.

SIMBA Chain Series A Funding

Apart from Valley Capital Partners, the Series A funding round also witnessed 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.

In related development, several new leaders will join the SIMBA Chain Board of Directors.

Simba chain us 25m series valleylab

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.

SIMBA Chain, a startup incubated at the University of Notre Dame, offers a simple, time- and energy-efficient method for deploying blockchain technology in the most secure and complex environments.

Defense.

“Demand for our Web3 smart contracts platform has accelerated across all of our markets much quicker than we anticipated,” states SIMBA Chain CEO and co-founder Joel Neidig. “Users across multiple spectrums have embraced and validated the SIMBA Chain model, which simplifies development of smart contracts. 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.”

“Since its founding in 2017, SIMBA Chain has distinguished itself by solving the incredibly hard problem of making blockchain technology, which is inherently complex and difficult to master, accessible to literally anyone who wants to realize the advantages blockchain has to offer,” states Managing Partner at Valley Capital Partners, Steve O’Hara.

  • Secured contracts with more than 30 institutions of higher learning in the United States, United Kingdom and Australia that are using the SIMBA Chain platform in their schools of business and law.
  • Surpassed 6,000 users.
  • Developed a digital marketplace using non-fungible tokens for a major university.
  • Joining the SIMBA Chain Board of Directors are Steve O’Hara, Valley Capital Partners; Phil Koen, former CEO of Savvis and Intermedia, and former president of Equinix; and Mike Lempres, former EIR at Andreessen Horowitz, and former chief legal and risk officer and Board of Directors member, Coinbase.

    Said Neidig, “”The entire SIMBA Chain team is elated by this new investment and what it represents. We are grateful to everyone who has recognized our potential, and we look forward to the future.”

    About SIMBA Chain, Inc.

    The model of the technology involved a rapid development of applications based on blockchain technology for secure, complex environments, allowing customers to launch without the need to hire costly consultants.

    “Simba Chain solves a very big problem; most companies don’t know how to adopt or manage blockchain technology,” said Joseph Grundfest, a Stanford Law School professor and member of Stanford’s Center for Blockchain Research. “Simba Chain makes that easy and cheap, so it’s a bit like Stripe for the blockchain.”

    The company said that over the past 18 months the company has secured contracts with more than 30 institutions of higher learning in the U.S., the U.K.

    We are excited to support SIMBA Chain at this pivotal time.”

    With the additional funding, SIMBA Chain plans to scale sales, marketing, and development, and to dedicate resources to emerging enterprise-level opportunities such as non-fungible tokens. SIMBA Chain expects business enterprises, academic institutions, and others will use its software to manage and monetize digital and physical assets as well as to launch business models that don’t exist today.

    “This is one of the more exciting blockchain companies I’ve seen in a while,” observed Joseph Grundfest, a Stanford Law School professor, former commissioner of the Securities and Exchange Commission and member of Stanford’s Center for Blockchain Research. “SIMBA Chain solves a very big problem: most companies don’t know how to adopt or manage blockchain technology.

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