Overstock.com announced that it participated in a funding round for GrainChain, a Medici Ventures, L.P. portfolio company. Overstock participated alongside other investors including Pelion Venture Partners, that invested from its main fund. "GrainChain has seen impressive growth as Pelion has become more involved," said Overstock CEO Jonathan Johnson. "With its differentiated technology, we expect GrainChain to become a market leader in the AgTech space. This new up-round of investment will support the company’s efforts to further grow. Our follow-on investment of $10 million will enable Overstock and its shareholders to participate in the long-term success of GrainChain. I am pleased that the Pelion team continues to demonstrate its expertise in advancing the Medici Ventures portfolio companies."
Published first on TheFly
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