Nofence has successfully raised over €30 million in a Series B funding round, aimed at expanding its innovative virtual fencing solutions for livestock across Europe and North America.

Target Information

Nofence, a groundbreaking company founded in Norway in 2011, is a leading provider of commercial virtual fencing systems for livestock. With its innovative GPS-enabled collars, Nofence enables farmers to create virtual grazing boundaries, allowing for real-time tracking and management of herds. The collars emit sound cues and mild electric pulses to guide livestock, promoting sustainable grazing practices while replacing traditional fencing methods. Recently, Nofence raised over €30 million through a Series B funding round to enhance its operations and services across European and North American markets.

The company has witnessed significant traction in regions such as Spain, Ireland, the UK, and Norway, assisting thousands of farmers in improving land management and promoting biodiversity. Nofence's technology not only alleviates labor intensity but also supports animal welfare, aligning with the growing demand for sustainable practices in the agriculture sector.

Industry Overview

Across Europe, the agricultural landscape is undergoing substantial transformations driven by the need for enhanced efficiency, sustainability, and digitalization. Farmers face rising operational costs and increased envir