AcreTrader, which claims to be a farmland investing platform aimed at removing barriers to farmland investing and ownership, has closed its Series A on $12m.
The round was led by Jump Capital, with participation also coming from Narya Capital, Revolution’s Rise of the Rest Seed Fund and previous backers RZC Investments and Revel Partners.
Capital from the round will be used to improve overall access, liquidity and transparency to farmland transactions across the US, it said. AcreTrader will support this through improved tools, data science, marketing and expansion of its services.
The FinTech offers easy access for individuals and institutions to invest into land and partner with farmers. Investors can generate passive income streams, while farmers can access funds and developer their farmland.
AcreTrader founder and CEO Carter Malloy said, “Over the last few months, we’ve consistently seen our offering sizes grow while our funding windows shrink, showcasing the fast-growing desire surrounding this resilient asset class.
“As a company that seeks to support and connect farmers and investors in a way that no one else is, we’re humbled by this monumental growth, and look forward to leveraging these new funds to continue on that trajectory.”
With the close of the round, the company has raised a total of $18m in funding.
Over the course of the past 12 months, the FinTech company has doubled its team and quadrupled its investor pool.
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