Portland, Oregon — July 7, 2020 — Steamchain Corp received an investment from Ideaship, a patent capital firm which provides intellectual property development support for early stage startups. The investment will assist Steamchain Corp’s mission to reduce international exchange currency costs and increase client profits by utilizing Steamchain’s secure software platform.
“We are grateful to be part of the Steamchain team. Greater liquidity in cross border transactions is a worthwhile investment. Steamchain’s early advisors and customers are domain experts in applicable markets and include some of the industry’s most well known early-stage investors. We are excited to be joining the team on their journey,” commented Michael Lubitz, Founder and Managing Director of GTT Group.
“Steamchain Corp is excited to partner with Ideaship as they bring significant experience in the global technology, finance and patent industries, which is of high value in developing our growth strategy. Their expertise will also enable securing our IP, better positioning us to protect against market competition down the road,” remarked Dan Biggs, Founder and COO of Steamchain Corp.
About Steamchain Corp
Steamchain Corp is a B2B startup based in Portland, Oregon. Steamchain Corp simplifies global B2B payments by reducing currency conversion costs, currency fluctuation risk, and reducing antiquated document processes with their software platform. By eliminating financial institutions from the international business equation, Steamchain Corp saves their clients up to 9% on conversion costs. They use World Trade Logistics smart contracts that replace cash conversion throughout the supply chain, reducing contract settlement times by days.
Ideaship provides patent development capital for early stage ventures.
Ideaship is a collaboration between Global Technology Transfer Group (GTT Group) and Panasonic Intellectual Property Corporation of America (PIPCA). Ideaship combines GTT Group’s patent experience with PIPCA’s leading patent department expertise, achieving enterprise value premiums.