- Halter raised $220 million in a Series E funding round led by Founders Fund.
- The investment values the livestock technology company at $2 billion.
- Halter’s virtual fencing system uses GPS-enabled collars to manage and move cattle without physical fencing.
- The company has sold more than one million collars and serves more than 2,000 ranchers and farmers.
- Adoption spans New Zealand, Australia, and the United States, with U.S. ranchers building more than 60,000 miles of virtual fencing.
- The company plans to expand into additional markets including Ireland and the United Kingdom.
Halter announced it has raised $220 million in Series E funding to expand its virtual fencing technology for livestock operations and accelerate global growth.
The round values the agtech company at $2 billion and was led by Founders Fund, with participation from investors including Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus, and Icehouse Ventures.
The company said the new capital will support continued expansion of its livestock management platform and help bring the technology to more ranchers worldwide.
Virtual fencing technology for livestock management
Halter’s system uses GPS-enabled collars equipped with sensors and software to manage cattle without traditional fencing.
The collars use audio signals and gentle vibrations to guide cattle within designated virtual boundaries. Ranchers can manage herd movement and grazing areas through a smartphone interface.
The company says the approach allows producers to move herds, rotate pastures, and manage land without installing or maintaining physical fences.
Adoption across multiple regions
Halter currently serves more than 2,000 ranchers and farmers across New Zealand, Australia, and the United States.
The company reports that more than one million of its solar-powered collars have been sold globally.
Since launching in the U.S. in 2024, ranchers using the system have created approximately 60,000 miles of virtual fencing to manage grazing areas and livestock movement.
Expansion plans and hiring
Halter said the new funding will support expansion of its commercial and field operations in the United States, Australia, and New Zealand.
The company also plans to expand into additional markets, beginning with Ireland and the United Kingdom later this year, while exploring opportunities in other parts of North and South America.
Investment will also support continued development of features related to animal health monitoring and pasture management.
As part of its growth strategy, the company plans to hire more than 200 employees, primarily in product development, engineering, and customer support roles at its headquarters in Auckland, New Zealand.
Information sourced from the company’s press release.
