Halter, an agtech company focused on transforming livestock management through virtual fencing technology, has raised $220 million in a Series E funding round at a $2 billion valuation. The round was led by Founders Fund, with participation from Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus, and Icehouse Ventures.
The funding marks one of the largest agtech rounds globally and reflects increasing demand for digital solutions in agriculture, a sector that has historically lagged in technological adoption despite its multi-trillion-dollar scale.
Halter’s platform combines software, sensors, and AI to manage cattle using GPS-enabled collars that guide livestock through audio cues and gentle vibrations. This system allows ranchers to create and adjust virtual fences on their smartphones without the need for physical infrastructure.
The company has sold one million collars and now serves more than 2,000 ranchers and farmers across New Zealand, Australia, and the United States. Since entering the U.S. market in 2024, customers have built approximately 60,000 miles of virtual fencing using the technology.
The newly raised capital will be used to expand Halter’s global footprint, with plans to grow operations in the U.S., New Zealand, and Australia, and to enter new markets, including Ireland and the United Kingdom. The company is also exploring further expansion across North and South America.
In addition to geographic growth, Halter plans to continue investing in product development, particularly in areas such as animal health monitoring and pasture management. The company is also launching its largest hiring effort to date, with plans to add more than 200 employees across product, engineering, and customer-facing roles, primarily based at its Auckland headquarters.
The company’s approach centers on enabling ranchers to manage land and livestock more efficiently while reducing reliance on traditional fencing infrastructure, which can be costly and labor-intensive to install and maintain.
KEY QUOTES
“We started Halter because we believed technology could fundamentally change what it means to run a ranch, and enable ranchers to use innovation to build long-term futures on their land. Our ranchers need tools that work, and the fact that they’re using Halter tells us our technology has earned their trust. This raise lets us bring it to far more of them – and faster.”
Craig Piggott, CEO and Founder, Halter
“Agriculture is a multi-trillion-dollar industry that feeds the world, yet remains one of the least digitized sectors on earth. Halter is changing that by bringing software, sensors, and AI directly into livestock operations in a way that ranchers actually adopt. Craig’s deep understanding of the ranchers he serves has enabled the company to build something that’s not just useful, but mission-critical to how ranches run.”
Amin Mirzadegan, Partner, Founders Fund
