simba chain us 25m series valley

At a Glance

SIMBA Chain raised $25M in Series A from Valley Capital Partners. The company provides a cloud enterprise platform to help universities, industry, governments and individual programmers quickly develop and deploy Web 3.0 distributed applications (dApps) across blockchain platforms

SIMBA Chain, a provider of cloud-based smart-contract-as-a-service for enterprises, recently raised $25 million in a Series A funding round led by Valley Capital Partners to scale sales, marketing and development, a press release by the company said.

The previous funding round for SIMBA Chain came in January this year, where it netted about $3 million in grants and seed.

Joel Neidig, co-founder and CEO of SIMBA Chain, stated that the demand for the Web3 smart contracts platform accelerated across all SIMBA’s markets quicker than anticipated, with users across multiple spectrums embracing and validating the SIMBA Chain model that simplifies the 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.” SIMBA Chain’s technology is currently used by Fortune 500 companies as well as other multi-billion-dollar organizations,”

Joel Neidig

SIMBA Chain stated that with the additional funding, it would dedicate resources to emerging enterprises that level opportunities like Non-Fungible tokens.

IMBA 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.

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.

Simba chain us 25m series valleya


Its state-of-the-art technology autogenerates a robust family of APIs that support permissioned and public blockchains, allowing customers to launch blockchain applications without hiring costly consultants or consuming valuable tech expertise. And, because SIMBA Chain allows users to select from a wide range of blockchain technologies, with portability across these chains, the company provides a level of flexibility and customization that traditional blockchain approaches cannot support.

SIMBA Chain’s technology is currently used by the U.S.
Airforce, Army, Navy and Marines, as well as Boeing and a host of customers across a wide range of commercial applications, said CEO and co-founder Joel Neidig. “Demand for our Web3 smart contracts platform has accelerated across all of our markets much quicker than we anticipated.

Simba chain us 25m series valleys

Its state-of-the-art technology autogenerates a robust family of APIs that support permissioned and public blockchains, allowing customers to launch blockchain applications without hiring costly consultants or consuming valuable tech expertise.

SIMBA Chain allows users to select from a wide range of blockchain technologies, with portability across these chains, the company provides a level of flexibility and customization that traditional blockchain approaches cannot support.

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

In January, SIMBA Chain received a US$1.5 million Small Business Innovation Research (SBIR) Phase II contract (N68335-21-C-0178) from the U.S.

Simba chain us 25m series valleylab

MBA Chain has succeeded in establishing impressive beachheads in the defense and enterprise markets – a rare thing to see in emerging frontier technologies like blockchain. 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.

It includes Steve O’Hara, Managing Partner at 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.

SIMBA Chain CEO and co-founder Joel Neidig, said:

“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.”

SIMBA Chain Fostering dApps Adoption

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.

Simba Chain Inc., a blockchain startup best known for providing its technology to U.S. defense organizations, announced Wednesday that it raised $25 million in new funding to pursue technological advances such as nonfungible tokens.

The Series A funding round was led by Valley Capital Partners and joined by Notre Dame Pit Road Fund, Elevate Ventures and Stanford Law School Venture Fund.

Simba Chain’s technology made headlines in 2018 when the U.S. Navy announced that it would pilot blockchain technology to track aviation components through their supply chain lifecycle.

The company’s technology is now used by the U.S.

  • Closed paid programs with Fortune 500 and other multi-billion-dollar organizations to develop secure, immutable, blockchain-based solutions.
  • 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.

    “The entire SIMBA Chain team is elated by this new investment and what it represents.

    Over the last 18 months, SIMBA Chain achieved the following milestones:

    • Grown revenue by 360 percent.
    • Closed paid programs with Fortune 500 and other multi-billion-dollar organizations to develop secure, immutable, blockchain-based solutions.
    • 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.

    SIMBA Chain To Increase Manpower And Focus On Emerging Enterprise Opportunities Including NFTs

    SIMBA Chain intends to use the new funds to scale sales, marketing, and development, and to dedicate resources to emerging enterprise level opportunities such as NFTs.

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