AcreTrader, a Fayetteville, Ark.-based farmland investing platform, raised $12m in Series A funding round.
The round, which brought the total amount of funds raised to $18m, was led by Jump Capital with participation from Narya Capital, Revolution’s Rise of the Rest Seed Fund, and existing investors RZC Investments and Revel Partners. In addition to the funding, Peter Johnson, partner at Jump Capital, and Kenny Traynom, former COO of Westchester Group, joined AcreTrader’s board of directors.
The company intends to use the funds to improve overall access, liquidity, and transparency to farmland transactions across the nation through improved online tools, data science, marketing, and expansion of AcreTrader’s team of agriculture, finance, and technology experts.
Led by Carter Malloy, founder and CEO, AcreTrader is providing access for individuals and institutions to invest in land and partner with farmers, allowing individuals to purchase shares of farmland online. The platform also works with farmers by providing new financing options to grow their operation. The platform is currently available to accredited investors throughout the U.S.