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Grainchain Secures $29M To Accelerate Global Expansion

Feb 16, 2023•almost 3 years ago

Amount Raised

$29 Million

Mcallene-learningFarming

Description

GrainChain, a U.S.-based technology company, has raised $29M USD in a recent up-funding round as it seeks to accelerate growth in the U.S. and Latin America. The data company sits at the intersection of agtech and fintech with a suite of products that helps facilitate transactions and financing to agricultural players by digitizing the supply chain and reducing counterparty risk.

Company Information

Company

GrainChain

Location

21 Arlington Street

Mcallen, Texas, United States

About

Grainchain was founded by the creators of SiloSys, an IT solution designed for the agricultural industry. For the past five years, we have been automating the measurement of commodities entering silos and storage facilities—delivering accurate tracking, accountability, and transparency for soft commodities. Solutions like SiloSys are gaining global traction as they replace manual weighing and paperwork processes, eliminating opportunities for fraud, reducing errors, and providing instant, trackable digital documentation that ensures fairness and efficiency in commodity pricing.

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Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech