Smart packaging startup PAXAFE, one of five startups to graduate from the gener8tor startup accelerator at the Milwaukee Art Museum Wednesday night, announced it has moved from Minnesota to Milwaukee.
“It’s been a remarkable 12 weeks. We had so much fun that we decided we’re not ready to leave. And with that, we are happy to officially share that we’ve relocated our company, PAXAFE, from Minnesota to the Milwaukee area,” co-founder and chief executive officer Ilya Preston announced to the crowd.
Preston alluded to the fact that PAXAFE has found investor interest in Wisconsin and is finalizing several deals.
PAXAFE (pronounced “pack safe”) makes smart packaging technology for high-value products. The company is currently focused on high-value jewelry and luxury watches, but plans to expand into diamonds, money, electronics, pharmaceuticals and other products that are shipped across the country. Read the full story here.