AcreTrader, a Fayetteville-based investing platform, has raised a $12 million Series A funding round, led by Jump Capital. AcreTrader makes investing in farmland easy and accessible, allowing individuals to purchase shares of farmland in a matter of minutes online.
: AcreTrader enables investors to create passive income streams and assists farmers in accessing farmland. Through a variety of rent options, AcreTrader is able to provide financing models to the agriculture industry and help entrepreneurial farmers grow their operations. -AcreTrader
“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," said Carter Malloy, founder and CEO of AcreTrader.
Just in the last year, AcreTrader has doubled its employee count, concluded two rounds of funding (seed and Series A), quadrupled its investor pool, increased the total funds raised by 12x, and garnered investors from 48 states.
AcreTrader is expanding its board of directors by bringing on Peter Johnson of Jump Capital and Kenny Traynom, former COO of Westchester Group. “Farmland investing is becoming increasingly sought after in the current macroeconomic environment... I'm also looking forward to joining the company’s board of directors to help guide the company as it drives the charge to modernize farmland transactions," said Johnson.