AcreTrader, a Fayetteville, Ark.-based online farmland investing platform, completed a seed round of funding with a total raise of over $5m.
The round was led by RZC Investments, with participation from Revel Partners, the company’s founder and private investments from technology, finance, and agricultural leaders.
The company intends to use the funds to expand investment offerings, improve investor education about farmland, and continue scaling operations to support increasing demand on the platform.
Led by Founder and CEO Carter Malloy, AcreTrader is a real estate investing platform that allows users to buy shares of farmland and earn passive income online while handling all aspects of administration and property management, from insurance and accounting to working with local farmers and improving soil sustainability. The company reviews each farm, selecting less than 1% of the total parcels considered, then places each farm offering in a unique legal entity and offers shares to investors through its online platform.
FinSMEs
13/04/2020