Tillable, a Chicago, IL-based online marketplace for the farmland rental market, raised $8.25m in Series A funding.
The round was led by top agtech investment holding company The Production Board, with participation by First Round Capital.
The company intends to use the funds to expand its engineering, sales and marketing teams to accelerate its efforts to attract landowners and farmers to the platform ahead of the 2020 growing season.
Led by Co-founder and CEO Corbett Kull, Tillable provides an online marketplace for landowners and farmers to determine fair rent for farmland.
With Tillable, landowners can optimize the financial return on their land, gain visibility into how their acreage is used, and identify growers who will act as responsible stewards for their properties’ long-term viability. It allows farmers to expand operations with a platform for screening farmland based on factors such as price, acreage, soil type and location.