Hedera’s The Hashgraph Group invests in AgNext Technologies
The Hashgraph Group, a Switzerland-based venture capital and technology firm supporting the Hedera blockchain network, has announced a strategic investment in agritech company AgNext Technologies.
According to details in a press release on April 7, the collaboration will see the Hedera (HBAR) blockchain network support AgNext’s growing artificial intelligence-driven agricultural solutions.
The investment sees The Hashgraph Group join AgNext’s recent fundraising initiative led by Denmark-based Novo Holdings, but more than that, is a key integration milestone for the Hedera blockchain ecosystem.
In particular, AgNext is looking to leverage Hedera’s distributed ledger technology to digitize trust in the supply chain ecosystem, including around insurance and traceability across the food supply chains.
“With this strategic co-investment alongside Novo Holdings, we look forward to embarking on the tech-enablement journey with AgNext to drive the convergence of AI and Blockchain/DLT, while jointly bringing to market Hedera-powered AgriTech solutions that will enhance AgNext’s competitive edge in the web3 era,” said Stefan Deiss, co-founder & chief executive officer of The Hashgraph Group.