US defense contractor Simba Chain raises $25 million to boost NFT efforts

Cointelegraph

Published Sep 02, 2021 07:35AM ET

Updated Sep 02, 2021 09:20AM ET

The United States-based blockchain startup Simba Chain, which provides technology for several U.S. defense organizations, raised fresh funds to scale the business and tap new opportunities like nonfungible tokens (NFTs).

The $25 million Series A funding round was led by Valley Capital Partners with the participation of Notre Dame Pit Road Fund, Elevate Ventures and Stanford Law School Venture Fund, according to an official announcement.

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