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. Joining the 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.
Led by Joel Neidig, CEO and co-founder, Simba Chain offers a time and energy efficient method for deploying blockchain technology in the most secure and complex environments. Its technology autogenerates a family of APIs that support permissioned and public blockchains, allowing customers to launch blockchain applications without consultants or tech expertise. The platform supports Avalanche, Ethereum, Consensys Quorum, Binance Smart Chain, RSK, Stellar, Hyperledger, and other blockchain protocols.
The startup incubated at the University of Notre Dame intends to use the funds to scale sales, marketing, and development, and to dedicate resources to 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.
FinSMEs
03/09/2021