Overstock and Pelion Venture Partners Participate in GrainChain Funding Round
Summary
SALT LAKE CITY, Feb. 16, 2023 (GLOBE NEWSWIRE) -- (NASDAQ:OSTK), a leading online furniture and home furnishings retailer, announced that it participated in a funding round for GrainChain, Inc. ( ), a Medici Ventures, L.P. portfolio company. This includes the ability to create lien instruments, deploy and manage capital, add insurance products, monitor, and track farming operations, and facilitate repayment of funds. GrainChain is not disclosing additional details of the funding round.About OverstockOverstock.com, Inc. (NASDAQ:OSTK) is an online furniture and home furnishings retailer and technology-focused innovator based in Salt Lake City, Utah. Established in 2018, the company has developed a proven suite of products that is leveling the playing field for all participants on the global agricultural supply chain. These solutions combine blockchain and IoT-driven technology to create fully automated and digitized workflows at every stage of the supply chain, providing levels of efficiency, transparency, traceability, reliability and liquidity never before possible.