Nofence, a Norway-based company that creates virtual fencing for livestock, says it has raised more than $35 million n in its Series B funding round.
Founded in 2011, Nofence created the world’s first commercial virtual fencing system in an effort to make livestock management more efficient and climate-friendly. The company’s system uses solar-powered collars that connect GPS and a mobile app to control where animals graze, eliminating the need for a physical fence.
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Nofence plans to use the new funding to further expand operations across the U.S., advance its collar technology, and upgrade its staff and operations. The virtual fencing company has sold over 150,000 collars used by thousands of farmers in 48 U.S. states.
"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,” said Joachim Kähler, CEO of Nofence.
