SteamChain

About

SteamChain enables original equipment manufacturers (OEMs) to offer usage-based financing (hardware-as-a-service) to their customers.

Milwaukee,Wisconsin,United States
1 - 10
http://steamchain.io

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $2.70M
Industries: Blockchain,Financial Services,Industrial Automation,Machinery Manufacturing
Founded date: Oct 3, 2017
Number Of Employee: 1 - 10
Operating Status: Close
Legal Name: SteamChain.io, Inc.
Also Known As: Industrial-Steam, SteamChain.io

SteamChain enables original equipment manufacturers (OEMs) to offer usage-based financing (hardware-as-a-service) to their customers.

Under the status quo, customers pay OEMs based on milestones before, during and after delivery of machines.

Leveraging blockchain, SteamChain enables OEMs to be paid on the productivity of the machine over its lifecycle, increasing the OEMs long-term financial upside and better aligning incentives with their customers.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$2.79M

SteamChain has raised a total of $2.79M in funding over 2 rounds. Their latest funding was raised on Jan 5, 2022 from a Non-Equity Assistant round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jan 5, 2022	Non-Equity Assistant	—	1	Maritime Blue Innovation Accelerator	—	Detail
Dec 5, 2018	Seed	$2.70M	4	Capital Midwest Fund gener8tor	—	Detail
Nov 20, 2017	Pre-seed	$90K	1	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

5

SteamChain is funded by 5 investors. Maritime Blue Innovation Accelerator and Capital Midwest Fund are the most recent investors.

Investor Name	Lead Investor	Funding Round
Maritime Blue Innovation Accelerator	Yes	Non-Equity Assistant
Capital Midwest Fund	Yes	Seed
gener8tor	Yes	Seed
BrightStar Wisconsin Foundation	—	Seed
Cream City Venture Capital	—	Seed