On December 13, according to The Block, the tokenization platform AgriDex based on raised $4 million in a strategic funding round, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors such as Tobechi Bolanle Taiwo from Palantir and Anna Yuan from Perena also participated in this round. Previously, AgriDex had completed a $5 million pre-seed funding round, bringing its total funding to $9 million.
With the new round of funding, AgriDex plans to tokenize and process $4.5 billion in unfulfilled trade commitments from partners such as Future Farms, Oldenburg, and Parrogate Group. The platform also plans to expand its coverage, tokenizing new commodities such as West African cocoa and Eastern European wheat.
