GrainChain Inc logo — Creating a global agricultural transaction platform with blo...

GrainChain Inc

Creating a global agricultural transaction platform with blockchain and IoT-powered solutions

Founded 2013 United States Mcallen, United States 85 employees Series Unknown Total: $39.70M Blockchain, Financial Services +3

General Information

Company Name GrainChain Inc
Founded Year 2013
Location United States Mcallen, United States +1
Employees 85
Industries Blockchain, Financial Services, Fintech +2
Funding Stage Series Unknown
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About GrainChain Inc

GrainChain Inc is a financial technology startup that aims to revolutionize the agricultural industry through its sophisticated platform. Established in 2013 by the founders of SiloSys, a renowned IT solution for the agricultural sector, GrainChain has been at the forefront of developing innovative blockchain and IoT-powered solutions. The company's mission is succinctly captured in its slogan, "Creating a global agricultural transaction platform with blockchain and IoT-powered solutions." GrainChain's flagship product, SiloSys, has significantly automated the measurement, tracking, and accountability of soft commodities, thereby eliminating manual processes and ensuring accurate documentation of agricultural yield. With widespread adoption of IT systems like SiloSys, the potential for dishonest practices in the industry, such as cheating with weights and distorting commodities prices, has been significantly reduced. Recognizing the inherent financial challenges faced by various stakeholders in the agricultural supply chain, GrainChain has leveraged blockchain technology and smart contracts to offer a range of services aimed at empowering growers, governments, and agents. This approach seeks to address the systemic issues ingrained in the financial systems surrounding the agricultural industry. The company has pressed forward with its vision, having recently secured a substantial $29.00M in a Venture Round investment on 16 February 2023, with backing from prominent investors including Pelion Venture Partners, BYU Cougar Capital, and Overstock. GrainChain's innovative solutions and strategic partnerships hold promise for driving meaningful and positive change within the global agricultural landscape, positioning the company as a strong contender in the evolving realm of agri-fintech.

Taxonomy: Agriculture, AgTech, Soft Commodities, Transaction Platform, Automated Measurement Systems, Blockchain Technology, Smart Contracts, Accountability, Futures Market Access, Fraud Prevention, Payment Facilitation

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 3
Investor Investor
•••• ••••
16 Feb 2023
Series B •••••• 2
Investor Investor
08 Mar 2020
Venture Round •••••• 1
Investor
04 Dec 2018

GrainChain Inc Alternatives & Competitors

GrainChain Inc vs
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National Farmers United States

When you think profit, think National Farmers.

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FAQ About GrainChain Inc

Creating a global agricultural transaction platform with blockchain and IoT-powered solutions
GrainChain Inc was founded in 2013.
GrainChain Inc is headquartered in Mcallen, United States.
GrainChain Inc operates in the following industries: Blockchain, Financial Services, Fintech, Trading Platform, AgriTech.
GrainChain Inc has approximately 85 employees.
GrainChain Inc has completed 3 funding rounds, raising a total of $39.70M. The latest funding stage is Series Unknown.
Top alternatives and competitors to GrainChain Inc include National Farmers, EPL Bio Analytical Services, Krishi Jagran, ProWriters, Roto-Gro International. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
GrainChain Inc and National Farmers are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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