Milwaukee startup SteamChain has plans to as much as double the funding round it is currently working on after receiving strong investor interest in the company.
Michael Cromheecke of SteamChain presents his company at gener8tor Premiere Night.
The Machine as a Service company is currently working to raise $300,000 and has already raised $140,000 of that. But now, co-founder Michael Cromheecke is considering increasing the total goal to as much as $600,000.
“We are receiving offers and interest at higher investments, so we’re evaluating those,” he said. “A few in-state organizations have expressed an interest and we’ve also got some interesting conversations going on outside the state.”
SteamChain was founded in September 2017 and offers a blockchain-based software to machine builders. The machine builders can use the software to offer their manufacturer customers usage-based financing to monetize the lifecycle of the equipment. Read the full story here.
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