Texas based agricultural commodity blockchain platform raised $8.2m in Series A funding led by Medici Ventures, the investment arm of Overstock.com.
“GrainChain’s work in reducing the time and spoilage associated with agricultural transactions, while also driving down frictional costs for both farmers and buyers is a shining example of Medici Ventures’ mission to democratize capital, eliminate middlemen, and re-humanize commerce through the use of blockchain technology,” said Jonathan Johnson, Overstock CEO and Medici Ventures President.
https://www.ledgerinsights.com/agriculture-commodity-blockchain-grainchain-overstock-invests-5m/