# Simbi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/simbi

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.simbi.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Jun 29, 2016)
- Investors on record: 5

## About

Simbi, Inc. is a platform that facilitates service exchanges, enabling individuals to trade skills and services using Simbi credits. It promotes an inclusive economy, connecting service providers with those in need without direct monetary transactions.Founded in 2015 and headquartered in San Francisco, US, Simbi, Inc. operates a platform that connects individuals willing to provide services with those seeking them through a token system. The company raised USD 1.2 million in Seed funding on June 29, 2016, from investors such as Greylock Partners and Y Combinator. There is no mention of subsidiaries or prior pivots in business strategy, and the founder's specific background is not detailed.Simbi operates within a symbiotic economy, offering a platform for the exchange of services through its internal token system, known as Simbi credits. Users earn Simbi credits by providing services to non-profits or other members, allowing access to valuable experiences and services without direct cash transactions. The platform caters to a diverse clientele, including artists and business coaches, enhancing their personal and professional lives while primarily serving users across North America and Europe.Simbi's revenue model focuses on the exchange of Simbi credits, creating a unique ecosystem where services are traded without monetary involvement. Members earn credits by offering services, which can be redeemed for other services on the platform, enhancing community-driven interactions. Although specific pricing details are not disclosed, flexible offerings tailored to member needs promote a collaborative economy.Following its Seed funding round in June 2016, where Simbi raised USD 1.2 million, the company aims to expand its platform by introducing new features and possibly exploring additional markets. There are no specific upcoming product launches or geographic expansions detailed for the immediate future, but the funding will support the enhancement and scalability of its service offerings.

## Funding rounds

- Seed, Jun 29, 2016, $1.2M — Greylock Partners, Y Combinator, Tuesday Capital, Ranch Ventures, Bossa Nova Investimentos

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Seed
- Ranch Ventures (https://capitalatlas.ai/funds/ranch-ventures) — Seed
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Seed