GrainChain, a Texas-based provider of an agricultural blockchain platform, raised $8.2m in funding.
Medici Ventures is joining Eden Block and other investors in this latest round. This follows Medici Ventures’ initial investment of $2.5 million in the company, announced in December 2018.
Led by co-founder and CEO Luis Macias, GrainChain provides a platform which enables payment and allows for the immediate availability of tradable commodities between buyers and farmers. Its blockchain-based infrastructure also reduces fraud and corruption through tracking and certification, and generally streamlines transactional procedures throughout the commodities supply chain. The company intends to use the funds to continue product development and expansion to meet market demands in more countries.
Source: FinSMEs, March 9, 2020
This post was brought to you by Woewoda Communications, your partner in the venture capital, private equity and startup markets; offering strategic communications, public relations & investor relation services to Canadian & American VCs, PEs, Angels, Endowments/Trusts, Family Offices, and startups involved in ICT, IoT, blockchain, life sciences, healthcare, agribusiness, clean energy, fintech, AI and robotics.
Are you a Canadian or American GP/LP/CI or startup that needs to grow or scale? Give us a call! One of our representatives would love to explain how we vertically design, and then systematically layer each of our communication platforms to effectively reach niche target audiences for our clients. WC offers a unique synergistic approach to effectively communicate our client's message to their target audience.
Serving Vancouver, Montreal, Toronto, Waterloo, Ottawa, Halifax and Seattle
No comments:
Post a Comment