# SIMBA Chain

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simba-chain

- Industry: Software
- Headquarters: Plymouth, US
- Website: www.simbachain.com
- Total disclosed funding: $27M
- Latest round: Series A (Sep 1, 2021)
- Investors on record: 5

## About

Headquartered in Plymouth, US, SIMBA Chain Inc. offers a decentralized data exchange platform that facilitates secure and verifiable data interactions for government and enterprise sectors.SIMBA Chain Inc. was founded in 2017 in Plymouth, US, and specializes in blockchain technology for data exchange. The company has completed five deals, with its most recent funding round being a GRANT of USD 30.00 mn from the United States Air Force on February 1, 2023. The total amount raised by the company is USD 25.00 mn. The company was co-founded by Jarek Nabrzyski and Joel Neidig, with Ian Taylor serving as CEO.SIMBA Chain specializes in providing a decentralized data exchange platform designed for secure, reliable, and verifiable data interactions across various sectors, including government and enterprise. Their core offerings include solutions for identity management, multi-vendor data sharing, and third-party data verification. The platform utilizes advanced blockchain technology to ensure that data is tamperproof and error-free while facilitating seamless integration through dynamic APIs and SDKs. Notable clients include the United States Air Force, Boeing, and the Australian Defense Force, demonstrating the platform's applicability in mission-critical environments. The geographical markets served by SIMBA Chain include the United States and Australia, with specific use cases spanning the defense, healthcare, and supply chain industries, reflecting a diverse client base that leverages their technology for improved data trust and traceability.The company's revenue model is built around partnerships and B2B transactions, focusing on delivering their blockchain solutions through customized contracts tailored to client needs. Clients typically engage in subscription agreements or project-based contracts that outline service delivery and associated costs for the platform's features, such as real-time auditing and dynamic data analytics. Transactions are structured to facilitate ongoing service enhancements and support, with pricing plans reflecting the complexity and scale of the solutions implemented. Flagship offerings include the SIMBA Blocks platform and specialized applications for supply chain transparency, such as those developed for Boeing and Toks. These strategic partnerships and service agreements form the basis of SIMBA Chain's revenue generation, ensuring a robust framework for financial sustainability.In February 2023, SIMBA Chain Inc. received USD 30.00 mn of grant funding from the United States Air Force to support the development of its blockchain platform and create additional features for non-fungible tokens. The company plans to launch new products aimed at enhancing its service offerings, with specific details on release dates to be announced. There are also plans for expanding into new markets, particularly targeting additional sectors beyond defense, healthcare, and supply chain in both the US and Australian regions.

## Funding rounds

- Series A, Sep 1, 2021, $25M — Elevate Ventures, Valley Capital Partners, Pit Road Fund, Stanford Law School Venture Fund
- Seed, Jan 13, 2020, $1.5M — Elevate Ventures, 1st Source Capital, Pit Road Fund

## Investors

- Elevate Ventures (https://capitalatlas.ai/funds/elevate-ventures) — Seed, Series A
- 1st Source Capital — Seed
- Pit Road Fund (https://capitalatlas.ai/funds/pit-road-fund) — Seed, Series A
- Valley Capital Partners (https://capitalatlas.ai/funds/valley-capital-partners) — Series A
- Stanford Law School Venture Fund — Series A