Total amount raised
$82.5 Millions
Latest funding date
9/1/2022
Location
AcreTrader has successfully raised over $408.8 million in total equity, funding 167 properties and managing over 56.2K acres. The platform simplifies farmland investing, offering opportunities for diversification and potential returns through land value appreciation and annual cash rent payments from farmers.
Keep reading to explore the intricacies of AcreTrader's fundraising journey and the investors backing this innovative platform.
What Is AcreTrader?
AcreTrader, founded in 2019, is based in Fayetteville, Arkansas. The platform simplifies farmland investing, allowing investors to buy shares in farmland properties. Investors can benefit from land value appreciation and annual cash rent payments from farmers.
The company was established by Carter Malloy, who aimed to make farmland investing more accessible. AcreTrader's headquarters are located at 26 W. Center St., Suite 202, Fayetteville, AR 72701.
With a growing team, AcreTrader continues to expand its reach, providing valuable opportunities for diversification and potential wealth creation through farmland investments.
How Much Funding Has AcreTrader Raised?
- Seed Round
- Amount Raised: $5M
- Date: April 2020
- Lead Investors: RZC Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and build initial infrastructure.
- Series A
- Amount Raised: $12M
- Date: March 2021
- Lead Investors: Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series B
- Amount Raised: $40M
- Date: January 2022
- Lead Investors: Anthemis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and develop new features.
- Series B
- Amount Raised: $20M
- Date: March 2022
- Lead Investors: Drive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and finalize the platform, including launching AcrePro and a geospatial analytics platform.
- Venture Round
- Amount Raised: $3.8M
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and platform enhancements.
- Venture Round
- Amount Raised: $1.7M
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's reach and capabilities.
AcreTrader has raised a total of $82.5M in funding. The current valuation is not publicly disclosed.
Key Investors
- RZC Investments
- Details: RZC Investments is a private investment firm based in Bentonville, Arkansas. It was founded by Steuart and Tom Walton, grandsons of Walmart founder Sam Walton.
- Investment Focus Areas: Consumer goods, technology, real estate.
- Notable Investments: BikeCo, Rapha, AcreTrader.
- Jump Capital
- Details: Jump Capital is a venture capital firm based in Chicago, Illinois. They focus on data-driven companies and have a hands-on approach to investing.
- Investment Focus Areas: Fintech, enterprise software, data infrastructure.
- Notable Investments: 4C Insights, Personal Capital, AcreTrader.
- Anthemis
- Details: Anthemis is a global venture investment firm based in London and New York. They specialize in financial services and technology.
- Investment Focus Areas: Fintech, insurtech, regtech.
- Notable Investments: Betterment, Simple, AcreTrader.
- Drive Capital
- Details: Drive Capital is a venture capital firm based in Columbus, Ohio. They invest in innovative companies across the Midwest.
- Investment Focus Areas: Healthcare, technology, consumer services.
- Notable Investments: Root Insurance, Olive, AcreTrader.
What's Next for AcreTrader?
With the recent $20 million Series B funding, AcreTrader is poised to scale its team and finalize its platform. The launch of AcrePro and a geospatial analytics platform presents significant growth opportunities, especially as the industry trends towards increased use of technology and data in land transactions. The company has already seen a fivefold increase in revenue and a tripling of its customer base, indicating a strong market demand.
Future fundraising opportunities seem likely as AcreTrader continues to expand its offerings and customer base. However, challenges such as scaling the team and platform, and competition from other tech-driven land transaction platforms, could pose hurdles. Ensuring that new platforms meet market needs will be crucial for sustained growth.
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