Key Takeaways
- Halter raised NZD$377 million ($220 million USD) in Series E funding led by Founders Fund at a NZD$3.43 billion valuation.
- The company will enter the United Kingdom and Ireland markets later this year, along with key South American markets.
- Halter now serves more than 2,000 farmers and ranchers across New Zealand, Australia, and the United States with one million solar-powered collars sold.
- The funding round represents one of the largest-ever in agritech globally, with participation from Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus and Icehouse Ventures.
- Halter plans to hire more than 200 roles across New Zealand, Australia, and the US, focusing on product development, engineering, and customer service positions.
Major Funding Round Fuels Halter's Global Expansion
New Zealand-based agricultural technology company Halter has secured NZD$377 million ($220 million USD) in Series E funding to accelerate expansion of its virtual fencing and animal management system. The funding round, led by US-based Founders Fund at a NZD$3.43 billion valuation, marks one of the largest agritech investments globally.
The capital will support Halter's commercial expansion across the United States while funding new product development in animal health monitoring and pasture management. The company plans to hire over 200 employees across New Zealand, Australia, and the US, with roles concentrated in product development, engineering, and customer service at its Auckland headquarters.
Halter Technology Reaches One Million Collar Milestone
Halter's GPS-enabled collars use audio cues and gentle vibrations to contain and herd cattle within virtual boundaries, allowing farmers to manage herds remotely via smartphone. The company has now sold one million of its solar-powered collars to more than 2,000 farmers and ranchers across three countries.
“We started Halter because we believed technology could fundamentally change what it means to run a farm, and enable farmers to use innovation to build long-term futures on their land,” said Craig Piggott, CEO and founder of Halter.
New Markets and Investor Confidence
Halter will enter the United Kingdom and Ireland markets later this year, targeting regions with similar landscapes and climates to New Zealand. The company also plans expansion into South American markets as part of its global growth strategy.
“Agriculture is a multi-trillion-dollar industry that feeds the world, yet remains one of the least digitized sectors on earth,” said Amin Mirzadegan, Partner at Founders Fund.
Founders Fund, which previously invested in Halter's Series A round in 2017, led the funding alongside cornerstone investors including Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus and Icehouse Ventures.
