TechFlow news, December 13 — According to The Block, AgriDex, a tokenization platform built on Solana, has raised $4 million in a strategic funding round led by Portal Ventures. Participants included 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 joined the round. Previously, AgriDex secured $5 million in pre-seed funding, bringing its total fundraising to $9 million.
With this new capital, AgriDex plans to tokenize and process $4.5 billion in outstanding trade commitments from partners including Future Farms, Oldenburg, and Parrogate Group. The platform also aims to expand its coverage to include tokenized trading of new commodities such as West African cocoa and Eastern European wheat.
