AgriDex, a Solana-based platform focused on tokenizing agricultural commodities, has raised $5 million in a pre-seed funding round.

Endeavour Ventures, a tech-focused venture capital firm, led the round, with African Crops Limited, Oldenburg Vineyards and Hank Oberoi, a former Goldman Sachs and Citadel executive, participating, London-based AgriDex said Thursday.

AgriDex began raising for the round last September and closed it in February, co-founder and CEO Herry Duckworth told The Block. It was an equity round and brought AgriDex's valuation to around $18 million, Duckworth said, adding that as part of the deal, Endeavour Ventures co-founder and CEO Bill Cunningham has also joined AgriDex's board.

What is AgriDex?

AgriDex is a Solana-based platform that tokenizes agricultural …