Texas based agricultural commodity blockchain platform raised $8.2m in Series A funding led by Medici Ventures, the investment arm of Overstock.com.
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Overstock invests $5m in agriculture commodity blockchain GrainChain
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“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.
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