Tractor Zoom raises $1.5 million

Tractor Zoom, an online marketplace that connects farm equipment auctioneers and buyers, has completed a $1.5 million investment round.

Innova Memphis and Ag Startup Engine participated in the round, with rest of the round consisting of undisclosed investors.

“We’ve seen tremendous growth and have had a lot of amazing auction companies sign on to generate awareness for their farm equipment auctions,” said Kyle McMahon, CEO and founder of Tractor Zoom. “We look forward to continue growing Tractor Zoom and hiring key individuals to help carry out our day-to-day sales, marketing and software development.”

Tractor Zoom plans to use the investment to continue to scale their company and expand geographically.

“We have 266 auction companies using Tractor Zoom as of today,” said McMahon. “That number has grown significantly. This time last year, that number was somewhere around 70.”

Tractor Zoom last raised $1 million in a seed investment round in September of 2018. Innova Memphis and Ag Startup Engine both participated in that round and came back to participate in this recent round.

Previous coverage

Tractor Zoom completes $1 million seed investment round -Sept. 4, 2018

Tractor Zoom receives $25,000 investment from Ag Startup Engine -July 31, 2018

Tractor Zoom: An app to hear about farm equipment sales and auctions -Nov. 27, 2017