A software startup called FactoryFix that connects skilled workers and manufacturers with short-term staffing needs, is announcing a new $1.5 million investment led by Capital Midwest Fund, a venture capital firm based near Milwaukee.
With the new funding the company will relocate from Chicago to Madison, Wisconsin. They participated in a startup accelerator (Gener8tor) in Milwaukee last year.
According to a recent article;
FactoryFix has about 2,000 workers and 200 companies on its platform, all of which are in a 200-mile radius of Chicago.
The team has a current headcount of 12, a number which will double in 2019 thanks to a recent $1.5 million funding round. The company moved its headquarters to Madison, Wisconsin while raising the round, but plans to keep and grow its Chicago-based sales office. In addition to growing its team, FactoryFix will expand into Wisconsin, Indiana and Michigan in 2019.
In addition to handling the sourcing, vetting and interviewing of candidates, FactoryFix handles all time sheets and payment, with the company taking a cut from the billable hours logged.