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Blockchain Agtech GrainChain Raises $29M

Texas-based GrainChain announced a $29 million funding round. This includes $10 million from Overstock, which provided GrainChain’s Series A and B funding through Medici Ventures. The Medici fund is now managed on behalf of Overstock by Pelion Venture Partners, which committed another $10m from its own funds. Brigham Young University’s 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. That includes tracking data from seed to harvest, inventory management, logistics and transaction management. 

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