AcreTrader is an online farmland investment company based in Arkansas, United States. The company was established in 2018 and the online portal was launched in March 2019. It raised a U.S. $5 million in seed round and $12 million in Series A funding round.
Company: Real-estate, Investment
Founded: May 14th 2018 (Israel's birthday is 5/14) (Zuckerberg's too)
Founder: Carter Malloy
Website: www.acretrader.com
Through the online portal, accredited investors can select potential farm offerings, review due diligence, and invest in land by completing the monetary transaction and legalities on the portal. The company charges a management fee to investors and also owns a real estate brokerage. AcreTrader buys less than 1% of the total parcels considered, then places each farm offering in a unique limited liability company (LLC) and offers shares to investors through its online platform that uses some aspects of crowdfunding. Each LLC is divided into shares equal to one-tenth of an acre.
AcreTrader's online marketplace works for investors wanting to invest in farmland, and farmers looking to grow their operation
AcreTrader was started in May 2018 and is headquartered in Fayetteville, Arkansas. Carter Malloy, a former investment professional, is the CEO and founder of the company. As of March 2020, it has 15 employees that doubled in 2021.
In April 2020, the company raised over $5 million in seed round with investments from RZC Investments, Revel Partners and other angel investors. In March 2021, it raised an additional $12 million in capital in its Series A funding round led by Jump Capital, with participation from Narya Capital, Revolution's Rise of the Rest Seed Fund and existing investors. As part of the investment, Peter Johnson, partner at Jump Capital, and Kenny Traynom, former COO of Westchester Group, joined the company's board of directors.
Fayetteville (/ˈfeɪətˌvɪl/)[5] is the second-largest city in Arkansas, the county seat of Washington County, and the biggest city in Northwest Arkansas. The city is on the outskirts of the Boston Mountains, deep within the Ozarks. Known as Washington until 1829, the city was named after Fayetteville, Tennessee, from which many of the settlers had come. It was incorporated on November 3, 1836, and was rechartered in 1867. The three-county Northwest Arkansas Metropolitan Statistical Area is ranked 102nd in terms of population in the United States with 560,709 in 2021 according to the United States Census Bureau. The city had a population of 95,230 in 2021.[6]
Fayetteville is home to the University of Arkansas, the state's flagship university.[7] When classes are in session, thousands of students on campus change up the pace of the city. Thousands of Arkansas Razorbacks alumni and fans travel to Fayetteville to attend football, basketball, and baseball games. The city of Fayetteville is colloquially known as the "Track Capital of the World" due to the success and prestige of the University of Arkansas cross country and track & field programs.
Fayetteville was named the fourth best place to live in the United States in the 2021 U.S. News Best Places To Live Rankings,[12] and one of the best places to retire in the South.[13][14][15] Forbes also ranked Fayetteville as the 40th-best city for business and careers in 2021.[16] Lonely Planet named Fayetteville among its top 20 places to visit in the South in 2016.[17] The city hosts the Walmart Shareholders Meetings each year at the Bud Walton Arena.
https://en.wikipedia.org/wiki/Fayetteville,_Arkansas
Revolution’s Rise of the Rest Joins $12M Series for AcreTrader
https://dc.citybizlist.com/article/654417/revolutions-rise-of-the-rest-joins-12m-series-for-acretrader
AcreTrader @acretraderinc
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