# Data Gumbo Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/data-gumbo

- Industry: Financial Services
- Headquarters: Houston, US
- Website: www.datagumbo.com
- Total disclosed funding: $23M
- Latest round: Series C (Aug 10, 2022)
- Investors on record: 3

## About

Data Gumbo Corporation provides blockchain-as-a-service (BaaS) solutions to optimize contract management and transactions across various industries. The company focuses on enhancing operational efficiency through innovative technology.Founded in 2016 and headquartered in Houston, US, Data Gumbo Corporation specializes in blockchain technology aimed at improving contract management across industries such as energy, oil and gas, and logistics. The company has successfully raised a total of USD 4.00 mn in Series C funding, co-led by Aramco Ventures and Equinor Ventures, with its most recent deal occurring on August 10, 2022. The CEO, Andrew Bruce, oversees the company’s strategic vision and operations.Data Gumbo Corporation specializes in providing blockchain-as-a-service (BaaS) solutions that revolutionize industries' contract and transaction management. Their flagship product, GumboNet, utilizes smart contracts to automate business processes, enhancing efficiency and transparency. The platform primarily serves the energy, oil and gas, supply chain, logistics, and construction sectors, targeting enterprises across North America, Europe, and Asia.Data Gumbo Corporation generates revenue through a subscription-based model for its GumboNet platform, tailored for enterprise clients. This structure fosters long-term client relationships, with fees based on usage scope, transaction volume, and accessed features, enabling clients to effectively implement smart contracts and blockchain technologies.Following the USD 4.00 mn raised in Series C funding in August 2022, Data Gumbo Corporation plans to utilize the capital to expand its geographic reach and enhance its services. The company aims to enter new markets and regions, although specific details have not been disclosed. These initiatives reflect Data Gumbo's commitment to growing its service offerings and client base in the evolving blockchain landscape.

## Funding rounds

- Series C, Aug 10, 2022, $4M — Aramco Ventures, Equinor Ventures
- Series B, Aug 4, 2021, $7.7M — Aramco Ventures, L37, Equinor Ventures
- Series B, Sep 9, 2020, $5.9M — Aramco Ventures, L37, Equinor Ventures
- Series A, May 7, 2019, $5.5M — Aramco Ventures, Equinor Ventures

## Investors

- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A, Series B, Series C
- Equinor Ventures — Series A, Series B, Series C
- L37 (https://capitalatlas.ai/funds/l37) — Series B