According to ChainCatcher, Solana Ecosystem Tokenization Platform AgriDex has completed a $5 million financing led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive Hank Oberoi. AgriDex is expected to launch its platform and token AGRI in the third quarter of this year.
The round was completed in the form of equity financing, with a valuation of $18 million, said Herry Duckworth, co-founder and CEO of AgriDex. Bill Cunningham, co-founder and CEO of Endeavor Ventures, also joined the AgriDex board of directors.
AgriDex is a Solana-based platform that tokenizes agricultural products and supports the trading of these tokenized commodities. Every transaction on AgriDex is represented by the minting of a non-fungible token (NFT), which permanently records all products, pricing, payments, and other details.