Information on the Target

Nofence, headquartered in Norway, is revolutionizing the livestock farming industry by introducing the world's first virtual fencing system. This innovative solution employs solar-powered GPS collars and a user-friendly mobile app, enabling farmers to manage grazing areas in real time. By addressing one of agriculture's most significant challenges—fencing—Nofence offers a modern alternative to traditional methods, which are often time-consuming and costly.

The company's dedicated team, led by CEO Joachim and CFO Lars, has worked diligently since its inception in 2011 to refine their approach to virtual fencing. After navigating a complex regulatory environment and overcoming numerous technical challenges, Nofence has developed a reliable solution that is now trusted by thousands of farmers across Europe and the United States.

Industry Overview in Norway

Norway's agricultural sector is characterized by its commitment to innovation and sustainability. The country has positioned itself at the forefront of modern farming practices, with increasing adoption of advanced technologies aimed at improving efficiency and animal welfare. Virtual fencing aligns perfectly with this vision, as it fosters a sustainable approach to grazing while reducing reliance on physical barriers.

The Norwegian government has shown recognition of the benefits of technological advancements in agriculture, particularly as they pertain to animal health and biodiversity. Policymakers are actively encouraging innovation, which opens up avenues for solutions like virtual fencing to gain wider acceptance and implementation throughout the country.

Moreover, with challenges posed by climate change and the need for sustainable land use, the agricultural sector is increasingly looking for methods to optimize resource use and promote biodiversity. Virtual fencing plays a crucial role in this context, offering solutions that can enhance farming practices while minimizing environmental impact.

Despite being a relatively new concept, the acceptance of virtual fencing in Norway is expanding. Both farmers and researchers are enthusiastic about its potential to reform traditional practices, making it an appealing area for investment and growth.

The Rationale Behind the Deal

Speedinvest’s decision to invest in Nofence stems from a solid belief in the company’s vision and its potential to address critical challenges within the agricultural sector. The $35 million Series B funding, which represents one of the largest AgTech rounds in Europe to date in 2025, underscores the immense opportunity this sector presents. With the data collected through Nofence’s innovative GPS collars, farmers can not only manage their livestock effectively but also gain insights into animal health and land management—transforming traditional farming practices.

Furthermore, as environmental awareness continues to grow, Nofence’s commitment to sustainable solutions makes it a timely investment. The potential for scalable applications that extend beyond fencing is a significant factor driving this deal.

Information About the Investor

Speedinvest is a well-regarded venture capital firm that specializes in early-stage technology investments. With a focus on founders dedicated to solving real-world problems, Speedinvest has a proven track record of supporting innovative startups across various sectors, including telecommunications and fintech. Their strategic investment in Nofence aligns with their mission to back businesses that are transforming traditional industries through technology.

Speedinvest brings not only capital but also valuable expertise and networks to the table, facilitating the growth of their portfolio companies. Their commitment to fostering innovation in agriculture positions them as ideal partners for Nofence’s journey ahead.

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From an investment perspective, Nofence represents a significant opportunity in the rapidly evolving agriculture technology sector. As a first mover in virtual fencing, the company has already demonstrated its capability to innovate and lead in a niche market with substantial demand. The combination of low upfront costs, best-in-class connectivity, and multi-species support enhances its appeal, particularly to mid-sized farms that are often underserved by competitors.

The increasing global acceptance of virtual fencing technology highlights its potential for widespread adoption, which further solidifies Nofence’s position as a category leader. As the market expands and evolves, Nofence is well-placed to capitalize on a burgeoning demand for sustainable farming practices and data-driven solutions.

Moreover, the ongoing development of additional applications for the data collected by Nofence systems presents an untapped avenue for growth. By enhancing animal behavior analysis, conservation grazing, and integrating with IoT ecosystems, Nofence could redefine livestock management.

Overall, this investment in Nofence by Speedinvest is a strategic move that leverages industry trends towards sustainability and innovation. The potential for scaling not just in Norway but across global markets makes Nofence a compelling addition to any investment portfolio focused on the future of agriculture.

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