Press Release

Halter accelerates international expansion following Series E fund-raising round

25 Mar

2026

min read

Founders Fund leads $NZD377 million funding round as NZ company targets product development and new markets including UK, Ireland, and South America

Auckland, New Zealand - Halter, the provider of the transformative operating system for modern farming, today unveiled plans for a large-scale expansion of its virtual fencing and animal management system, following a major fund-raising round.

The company also announced it will enter the United Kingdom and Ireland later this year, along with key South American markets.

Deep tech company Halter has raised $NZD377 million ($US220 million) in Series E funding at a $3.43 billion valuation ($US2 billion). The round was led by Series A investor, US-based Founders Fund, with participation from cornerstone investors including Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus and Icehouse Ventures.

The capital will help the company support its New Zealand farmers, accelerate its commercial expansion across the United States, and fund the roll-out of a range of new products in coming months.

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.

To drive this expansion Halter is hiring a record 200-plus roles across New Zealand, Australia, and the US in coming weeks, with a focus on product and engineering and customer jobs based at the company’s Auckland HQ.

The capital raise is one of the largest-ever in agritech globally, and reflects accelerating demand for virtual fencing technology. Halter now serves more than 2000 farmers and ranchers across New Zealand, Australia, and the United States, with one million of its solar-powered collars now sold.

“We started Halter because we believed technology could fundamentally change what it means to run a farm, and enable farmers to use innovation to build long-term futures on their land,” said Craig Piggott, CEO and founder of Halter. “Our farmers need tools that work, and the fact that they’re using Halter tells us our technology has earned their trust. This raise lets us bring it to far more of them - and faster.”

Piggott said farmers in the UK and Ireland had long been interested in Halter and he was excited to be able to bring the technology to one of the world’s most important agricultural markets.

“The UK and Ireland are very similar to New Zealand in terms of landscape and climate - we know we can have an impact there,’’ Piggott said.

Halter’s GPS-enabled collars use audio cues and gentle vibrations to contain and herd cattle within virtual boundaries, allowing farmers to move herds from a smartphone.

“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 ranchers he serves has enabled the company to build something that’s not just useful, but mission-critical to how farms run.”
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About Halter

Halter provides the world-leading operating system for modern dairy and beef farming. The company’s smart collars for cattle combine three capabilities: virtual fencing that creates paddock boundaries without physical infrastructure, an active guidance system that remotely directs livestock movement, and real-time monitoring that tracks herd behavior. Together, these help farmers cut fencing and labor costs, recover valuable time, improve pasture utilization, and advance sustainable land management.

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.
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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.

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