GrainChain Inc
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GrainChain Inc

https://grainchain.io/
Last activity: 03.11.2023
Tags:AgriTechBlockchainBusinessFinTechIndustryITPlatformSoftwareSupplyTechnology
The Grainchain team was established by the founders of SiloSys, an IT solution for the agricultural industry. For the last 5 years, we have been automating the system of measuring the commodities coming into silos and storage facilities, providing accurate measurement, tracking, and accountability for soft commodities. IT systems such as SiloSys are increasing in popularity worldwide, because they eliminate the manual processes of weighing and providing documentation for agricultural yield. Automated systems eliminate the potential of cheating with the weights, and a number of other dishonest schemes that were distorting commodities prices in the past. They also provide immediate paperwork that is trackable in the software systems, rather than paper notes. As we expanded the automation of the network, we recognized that, while we can eliminate cheating on the physical end of the goods through our IT software and sensor hardware, many of the issues faced by the weakest members of the chain are built into the financial systems surrounding the agricultural industry. With the rise of blockchain technology and smartcontracts, we recognized that there is an opportunity to provide a myriad of services that will help the growers, governments, and agents who are often in the most compromised positions vis-à-vis commodities brokers and bank agents.
Likes
490
Followers
1.32K
Followers
2.703K
Website visits
9.6K
Mentions
15
Location: United States, Pharr
Employees: 51-200
Phone: 956-322-4511
Total raised: $37.2M
Founded date: 2013

Investors 2

DateNameWebsite
03.11.2023Pelion Ven...pelionvp.c...
30.07.2021SAP.iO Fou...sap.io

Funding Rounds 2

DateSeriesAmountInvestors
21.02.2023-$29MPelion Ven...
09.03.2020-$8.2MMedici Ven...

Mentions in press and media 15

DateTitleDescriptionSource
18.02.2023GrainChain Raises $29M in FundingGrainChain, a McAllen, TX-based company blockchain powered agricultural supply chain tracking platfo...finsmes.co...
17.02.2023GrainChain raises $29M to expand agricultural blockchain Sh...Texas-based GrainChain, a company building an agricultural blockchain for supply chain tracking, sai...siliconang...
16.02.2023The Week in AgriFoodTech: GrainChain raises $29m, Brigad bag...This week, US-based GrainChain announced a $29 million raise for its ag supply chain platform, and h...agfunderne...
14.04.2021SAP : iO Foundry Paris Accelerates Agribusiness Startups in ...PARIS - SAP SE (NYSE: SAP) launched an agribusiness-focused virtual startup accelerator program at S...marketscre...
12.02.2021World Coffee Alliance (WCA) announces confirmed speakers at ...LONDON, United Kingdom - World Coffee Alliance (WCA), a network alliance of coffee industry professi...realwire.c...
27.10.2020Kaffe Bueno brews up $1.3m funding to upcycle coffee grounds...Kaffe Bueno, a Danish startup that ‘upcycles’ used coffee grounds, has raised €1.1 million ($1.3 mil...agfunderne...
22.10.2020Grain monitoring startup TeleSense closes $10.2m Series B to...US grain storage startup TeleSense has closed a $10.2 million Series B round led by existing investo...agfunderne...
10.03.2020Daily funding roundup - March 10th, 2020Sounder raised $1.8M; QRails landed $8M; Recount Media secured $13M; DeepCrawl picks up $19M [Edito...vator.tv/n...
09.03.2020GrainChain Raises $8.2M in FundingGrainChain, a Texas-based provider of an agricultural blockchain platform, raised $8.2m in funding. ...finsmes.co...
06.03.2020Overstock's VC Wing Leads $8.2M Funding Round in GrainChainGrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-in...coindesk.c...
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