Autonomous Tractor Maker Monarch Raises $61 Million
11/17/21, 2:00 PM
Money raised
$61 million
Way back in March, autonomous tractor maker Monarch announced a $20 million Series A. Now, a mere eight months later, the company is tripling the round, with a $61 million Series B. This latest raise is led by sustainable food fund Astanor Ventures, with participation from CNH Industrial, At One Ventures and Trimble Ventures.
Company Info
Additional Info
Now, a mere eight months later, the company is tripling the round, with a $61 million Series B. The Bay Area-based firm says the funding will go toward scaling manufacturing and sales for its self-titled electric tractor. , the company is announcing plans to extend pilots globally, to South America, Europe and Asia.