Blockchain Agtech GrainChain raises $29m

Funding Rounds

▤ Summary

This includes $10 million from Overstock, which provided GrainChains Series A and B funding through Medici Ventures. Brigham Young Universitys Cougar Capital was one of the other funding participants.GrainChain provides a suite of solutions to farmers and buyers, most of which are based on blockchain and smart contracts. We saw explosive growth as our transaction platform, Trumodity, became fully integrated with banking systems in Latin America and when we launched liquidity programs with coffee producers in Mexico and Central America.Many of its tens of thousands of users are small farmers in the US or Latin America. Ripe.io provides a traceability solution and Agrotoken tokenizes commodities in South America. The really big player is Covantis, a consortium backed by seven of the worlds largest agribusinesses, including Cargill, Bunge and ADM.

$ Funding

$
Amount - Total raised
□
Date - Announcement date
◎
Investors Overstock.com, 123RF Lead investors
▥
Company - Funded company

▥ Classifications

industries
AgriTech
applications
No applications detected

◇ AskAI Classifications

Labels
Database Software Application Obfuscation Tools Reporting Software

▦ Linked Companies