Monarch Tractor
Monarch Tractor develops battery-electric autonomous tractors with driver-optional capabilities for agricultural use. The company's MK-V tractor features advanced autonomy, real-time crop data collection, and precision farming capabilities. Founded in 2018 in Livermore, CA, Monarch raised over $240M in venture capital before being acquired by Caterpillar in April 2026. Time magazine named the MK-V one of its best inventions of 2023.
Acquired
Monarch Tractor has been acquired
This company is no longer available on our private secondary market.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2018
Employees
200–250
Total Funding
$214M
4 rounds
Funding
Total raised $214M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series C
Date
July 22, 2024
Amount
$133M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| July 22, 2024 | Series C | $133M | — | Astanor Ventures, HH-CTBC Partnership L.P. |
| November 17, 2021 | Series B | $61M | — | Astanor Ventures |
| March 16, 2021 | Series A | $20M | — | Musashi Seimitsu Industry, CNH Industrial, VST Tillers Tractors |
Prominent Investors
Leadership
Praveen Penmetsa
CEO & Co-Founder
Mark Schwager
President & Co-Founder
Zachary Omohundro
Chief Technology Officer & Co-Founder
Carlo Mondavi
Co-Founder
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
John Deere
Global leader in agricultural equipment and autonomous farming solutions
AGCO Corporation
Manufacturer of agricultural equipment with electrification and automation initiatives
CNH Industrial
Agricultural and construction equipment manufacturer with precision farming focus
Kubota
Japanese manufacturer of agricultural machinery and equipment
Raven Industries
Precision agriculture technology and autonomous equipment developer
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