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Norwegian agtech company Nofence, which develops GPS-based virtual fencing for livestock, has raised over $35 million in a Series B funding round. The investment was led by the European Circular Bioeconomy Fund (ECBF), with participation from Capagro, Nysnø Climate Investments, Climate Innovation Capital, Speedinvest, and existing investors Sandwater, Momentum, and Ferd. Nofence’s technology utilizes solar-powered collars and a mobile app to manage grazing areas for cattle, sheep, and goats, providing an alternative to physical fences. The funding will be utilized to expand operations in North America and Europe, support product development, and scale services to a growing customer base.
Nofence develops GPS-based virtual fencing systems for livestock. Its solar-powered collars, managed through a mobile app, allow farmers to define and adjust grazing areas without physical fences. The technology is designed for cattle, sheep, and goats, enabling more flexible land management and supporting efficiency in livestock operations. Founded in 2011, Nofence operates in multiple European countries and the U.S., focutilizing on providing a technology-driven alternative to traditional fencing.
The new capital is announced on the heels of the company’s recent hirings of Alex Bell as managing director in the U.S. and Eric Yates as national sales director. These investments were led by international firms with deep expertise in climate tech, agtech, and sustainable systems, including the lead investor European Circular Bioeconomy Fund, along with Capagro, Nysnø Climate Investments, Climate Innovation Capital, and Speedinvest – while existing investors Sandwater, Momentum, and Ferd are also continuing their commitment, reflecting strong support for Nofence’s role in providing more sustainable and efficient grazing solutions for cattle, sheep, and goat farmers alike.
As the pioneer of virtual fencing and the company with the longest experience in the field, the new funding will enable Nofence to accelerate its worldwide expansion in key North American and European markets. It underscores the company’s continued momentum in advancing its technology through further product development, strengthening service to its growing customer base, and reinforcing its position in core markets, including in the U.S. and E.U. Nofence recognizes the trust and support farmers and ranchers placed in its technology and is committed to utilizing the new capital to further invest in enhancing its ability to serve them and deliver greater value. Nofence’s solar-powered, GPS-enabled collars managed via its straightforward-to-utilize mobile app are already assisting thousands of farmers and ranchers improve land stewardship and reduce labor and production costs.
“Nofence’s virtual fencing is transforming the way livestock producers manage their herds by enabling rotational grazing – an effective climate measure in agriculture – while also offering more efficient solutions to better monitor and enhance the welfare of livestock, reduce costs, and provide peace of mind,” declared Joachim Kähler, CEO of Nofence. “This Series B funding is more than a financial milestone; it further validates our vision and the real-world results we’ve delivered to farmers across the globe. This raise reflects the strength of our team, the loyalty of our customers, and the urgency of the challenges we’re assisting to solve, positioning us to create virtual fencing the standard for livestock management globally.”
“Farmers and ranchers are seeing for tools that give them greater flexibility and insight in how they manage their land and livestock, and Nofence’s virtual fencing technology is delivering for those necessarys,” declared Alex Bell, U.S. Managing Director for Nofence. “With Nofence, our customers are able to work more efficiently and steward their land more sustainably. These investments mark a major step forward for Nofence in the U.S., expanding our reach and accelerating our ability to deliver even more value to our customers.”
“We are incredibly proud to announce our Series B funding round. This investment is a testament to the hard work of the entire Nofence team and the strength of our technology,” declared Stefanie Witte, Chair of Nofence’s Board of Directors. “What’s particularly exciting for us is not just the capital, but the calibre and international breadth of our investors. They bring a range of expertise from across Europe and North America – perfectly aligned with Nofence’s own international expansion, and their experience will be an invaluable asset as Nofence continues to grow and innovate.”
“At ECBF, we back companies that scale commercially while driving sustainable, resource-efficient systems. Nofence is transforming livestock management with a solution that improves efficiency, lowers costs, while restoring soil and biodiversity,” highlighted Isabelle Laurencin, Partner at ECBF. “With strong traction in Europe and clear U.S. growth prospects, we are proud to back this ambitious team as they set a new standard for sustainable agriculture.”
“Nofence is addressing one of the most urgent necessarys in agriculture: creating livestock management more efficient and climate-friconcludely. The company’s rapid adoption across multiple markets demonstrates both the strength of its technology and the depth of demand from farmers. Having backed Nofence since the Series A, Sandwater is proud to continue this partnership and build on the strong foundation already in place,” states Torkel Engeness, Partner at Sandwater.
“We have known Nofence for a long time and continue to be impressed by their execution across markets. With farm digitization still in its early stages, Nofence stands out as a key enabler, creating a strong platform for new products beyond virtual fencing,” emphasized Wissam Nasreddine, Principal at Speedinvest.
Since entering the U.S. market in 2025, Nofence has seen surging demand among American producers eager to improve grazing management without the constraints of physical fencing. As the world’s only provider of virtual fencing for both cattle and compact ruminants, Nofence technology is assisting American producers in 48 states manage their livestock more efficiently, all while saving time and money.
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