The investment enables the company to further expand its platform of world-class land transactions
Oversubscribed tower led by Anthemis Group and joined by existing investors Jump Capital, Narya Capital, RZC Investments, Revel Partners and Revolution’s Rise of the Rest Seed Fund
AcreTrader, the tech company that dynamically connects investors, land and farmers, today announced it has raised $ 40 million in Series B funding to enable its clients to buy and sell land smarter . Anthemis Group, a global platform, led the round, joined by all existing institutional investors in the business. The cycle brings AcreTrader’s total funding to $ 58 million since its inception.
Founded in 2018, AcreTrader uses proprietary technology to facilitate the buying and selling of land, one of the largest real estate sectors in the United States, exceeding $ 3 trillion in value, through a unique customer experience and streamlined. The AcreTrader platform provides investors, buyers and sellers with unique access to the lands, data and tools that enable them to trade efficiently.
AcreTrader’s Series B funding will allow the company to further expand its platform, expand its team of technology, finance and agriculture experts, and work with more farmers and landowners to create a more robust market.
“Over the past few years, we have seen that investing in land can still generate strong returns, even when markets are in turmoil. AcreTrader is excited to provide investors with easy and unique access to this space while helping farmers grow their businesses, ”said Carter Malloy, Founder and CEO of AcreTrader. “I am proud of what the AcreTrader team has accomplished, and we look forward to further developing our platform and modernizing the land transaction experience for all parties.”
“AcreTrader is on an exciting growth trajectory, led by a strong management team with a unique understanding of how to maximize value for both investors and farmers,” said Ruth Foxe Blader, Partner at Anthemis Group. “Anthemis is proud to help accelerate AcreTrader’s growth as it continues to develop not only a broad repository of farms that can be invested, but also a wealth of important data to provide field-level insight into sustainability. farms. ”
The funding round marks AcreTrader’s second funding close in the past year, after the company announced its Series A in March. In the past year, AcreTrader has grown the business more than five times, welcomed investors and farmers from all 50 states, and delivered the first international opportunities in Australia on the platform.
AcreTrader allows its clients to buy and sell land smarter with cutting-edge technology, data and expertise. Since its founding in 2018, AcreTrader has expanded access to buy, sell and invest in land to thousands of investors, farmers and landowners across the United States.