Press Release

Virtual fencing leader Halter to accelerate expansion following record $A314.5 million Series E fundraise

25 Mar

2026

min read

Funding supports continued growth across Australia, the U.S., and beyond as adoption increases among farmers

Melbourne, Australia - Halter, the New Zealand agtech company transforming cattle farming with its virtual fencing and animal management system, has raised $A314.5 million in a Series E funding round to achieve a new $A2.86 billion ($US2 billion) valuation.

The round was led by a Series A investor in Halter, US-based Founders Fund, with participation from Halter’s other existing investors including Australia’s Blackbird, Icehouse Ventures in New Zealand, and DCVC, Bond, Bessemer, Promus, Ubiquity and NewView in the United States.

Deep tech company Halter will use the capital to accelerate its commercial expansion in Australia and across the United States, bring forward the roll-out of new products, and open up more international markets.

The raise is one of the largest single funding rounds for an agtech company globally and reflects growing demand and access for virtual fencing across Australia, New Zealand and the United States.

The Halter system includes a solar-powered smart collar for each cow, towers for connectivity and an app that lets farmers manage their cattle and pasture remotely from their phone. Cows are guided by sound, vibration and electric cues.

Farmers can virtually fence, shift and monitor their cattle 24/7, reducing labour and boosting productivity.

More than 2,000 farmers across Australia, New Zealand and the United States already use the Halter system, with a million collars now sold for beef and dairy cows. Additional market access was recently granted in the Australian states of Victoria and New South Wales.

Craig Piggott, CEO and founder of Halter, said the capital raise and new valuation reflect the company's success and ambitions.

"We want to use innovation to fundamentally change what it means to run a farm."

"Farmers have embraced Halter because it allows them to be more productive, efficient and profitable."

"This raise will allow us to keep innovating and delivering for farmers."

“Agriculture is a multi-trillion-dollar industry that feeds the world, yet remains one of the least digitized sectors on earth,” said Founders Fund Partner Amin Mirzadegan.

“Halter is changing that by bringing software, sensors, and AI directly into livestock operations in a way that farmers actually adopt. Craig’s deep understanding of the farmers he serves has enabled the company to build something that’s not just useful, but mission-critical to how farms run.”

Halter will deploy the new capital to grow its commercial and field operations across Australia, New Zealand, and the U.S while expanding into other international markets, starting with Ireland and the U.K. later this year. The company already has early farms in Canada and is also exploring further expansion in North and South America this year.

Investment will continue across product development, including animal health monitoring and pasture management, shaped by how customers are using the system in the field. The focus remains on supporting farmers building their operations with Halter.

Halter plans to hire an additional 200-plus people - its largest-ever recruitment - with a focus on product, engineering, and customer roles at its Auckland HQ.

"Farmers are the backbone of rural communities and the Australian economy,” Piggott said.

"We’re proud to support them with world-leading technology.”

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About Halter

Halter serves more than 2,000 farmers and ranchers across New Zealand, Australia and the United States, and has now sold one million of its solar-powered GPS-enabled collars. The company is headquartered in Auckland, New Zealand, with Australian operations based in Melbourne and a U.S. office in Colorado. To learn more, visit www.halterhq.com.

About Founders Fund

Founders Fund is a prominent U.S.-based venture capital firm founded in 2005. They focus on sectors with potential for significant technological breakthroughs, including AI, aerospace, and biotechnology. With $17 billion in assets under management, the fund has invested in high-growth companies including SpaceX, Palantir, Facebook, Spotify, Airbnb, Stripe, and OpenAI. Founders Fund provided early capital to Halter in its Series A round in 2017.