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University-Industry Engagement Advisor

Notre Dame start-up raises $25M to advance novel blockchain technology

By Jesse Schwartz
Published: September 15th, 2021

A start-up from the University of Notre Dame has closed a $25 million Series A funding round to commercialize its novel blockchain technology.

SIMBA Chain offers blockchain products that remove the often complex programming required to implement blockchain. The start-up has already provided its technology to the U.S.  Department of Defense and more than 20 universities in the U.S., UK and Australia.

“We expect companies and universities will use SIMBA Chain’s software to connect to Web3 and blockchains to manage, monetize and realize the full financial value of digital and physical assets as well as unlock business and revenue models that don’t exist today,” says Ian Taylor, researcher at Notre Dame and co-inventor of SIMBA’s technology.

According to Taylor, the $25 million in Series A funding will help the start-up scale up and address emerging opportunities at the enterprise level. Valley Capital Partners led the funding round, with participation by the Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law School and others.

“Completing a Series A of this magnitude and with robust support from Silicon Valley investors is truly validating for SIMBA Chain,” says Bryan Ritchie, vice president and the Cathy and John Martin Associate Provost for Innovation at Notre Dame. “The world is starting to realize that very interesting companies are coming out of Notre Dame and the Midwest. We believe SIMBA Chain will be the first of many new exciting ventures from Notre Dame to scale in this way.”

Source: University of Notre Dame Idea Center

Posted under: Tech Transfer e-News

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