NZ agtech firm Halter raises USD220m to expand cattle collar tech, doubles valuation
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The news: New Zealand agtech startup Halter has completed a new funding doubling its valuation to USD2 billion ($2.9 billion), raising USD220 million in Series E financing led by billionaire Peter Thiel’s venture capital firm Founders Fund.
The company said in the statement the round included Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus and Icehouse Ventures.
The capital will be used to “support” farmers already using Halter and expand further in the US, New Zealand and Australia, with plans to enter Ireland and the UK later this year, it said.
Halter’s previous funding round last June raised USD100 million at a roughly USD1 billion valuation.
The company said it serves more than 2000 farmers and ranchers across those markets and has sold one million solar-powered collars.
What they said: “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 ranchers actually adopt. (CEO Craig Piggott’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 ranches run.”
The source: Media release
