SALT LAKE CITY, UT, Overstock.com, Inc. (NASDAQ:OSTK), a leading furniture and home furnishings retailer, has completed the second tranche of its planned investment in tZERO Group, Inc. (tZERO), after its initial funding announced in February of this year. tZERO's strategic funding round, which was led by Intercontinental Exchange, Inc. (NYSE: ICE), closed on August 22, 2022.

tZERO is a portfolio company of Medici Ventures, L.P., a blockchain-focused fund. The general partner of that fund is an entity affiliated with Pelion Venture Partners. Overstock.com, Inc. is the sole limited partner of Medici Ventures, L.P. and holds a direct minority interest in tZERO.

tZERO is a financial technology company that provides transformative market-based solutions for companies, entrepreneurs, and retail and institutional investors. Since its founding in 2014, tZERO's mission has been to democratize access to capital markets by establishing more efficient, accessible, and transparent marketplaces. tZERO works with companies to create innovative solutions and products. tZERO also designs and manages their marketplaces to help them achieve their strategic goals.