Speedinvest has announced a $35 million investment in Nofence, a Norwegian innovator in virtual fencing technology aimed at transforming livestock management.

Information on the Target

Nofence, headquartered in Norway, is a pioneering company in the agricultural technology sector, known for developing the world's first virtual fencing system. Their innovative solution employs solar-powered GPS collars and a user-friendly mobile application, which enables farmers to manage grazing areas efficiently and in real-time. Over time, Nofence has refined its technology to address complex regulatory and technical challenges, culminating in a robust product that is now trusted by thousands of farmers across Europe and the United States.

The essence of Nofence's offering lies not only in its physical devices but in the wealth of data generated through their usage. This information has the potential to transform agricultural practices by facilitating improved monitoring of animal health and soil regeneration, thus addressing significant challenges in modern farming.

Industry Overview in Norway

The agricultural sector in Norway is characterized by its diverse landscapes and varying farming practices, influenced by both geography and climate. Fencing is a pivotal element of livestock management, traditionally requiring substantial inv