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.
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.