Nofence raises $35M in latest funding round

The new capital is announced on the heels of the company's recent hirings of Alex Bell as managing director in the U.S. and Eric Yates as national sales director. These investments were led by international firms with deep expertise in climate tech, ag tech and sustainable systems – including lead investor European Circular Bioeconomy Fund, along with Capagro, Nysnø Climate Investments, Climate Innovation Capital and Speedinvest – while existing investors Sandwater, Momentum and Ferd are also continuing their commitment, reflecting strong support for Nofence's role in providing more sustainable and efficient grazing solutions for cattle, sheep and goat farmers alike.

As the pioneer of virtual fencing and the company with the longest experience in the field, the new funding will enable Nofence to accelerate its worldwide expansion in key North American and European markets. It underscores the company's continued momentum in advancing its technology through further product development, strengthening service to its growing customer base and reinforcing its position in core markets, including in the U.S. and European Union.

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Nofence recognizes the trust and support farmers and ranchers placed in its technology and is committed to using the new capital to further invest in enhancing its ability to serve them and deliver greater value. The company’s solar-powered, GPS-enabled collars managed via its easy-to-use mobile app are already helping thousands of farmers and ranchers improve land stewardship and reduce labor and production costs.

"Nofence's virtual fencing is transforming the way livestock producers manage their herds by enabling rotational grazing – an effective climate measure in agriculture – while also offering more efficient solutions to better monitor and enhance the welfare of livestock, reduce costs and provide peace of mind," said Joachim Kähler, chief executive officer of Nofence. "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. This raise reflects the strength of our team, the loyalty of our customers and the urgency of the challenges we're helping to solve, positioning us to make virtual fencing the standard for livestock management globally."

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"Farmers and ranchers are looking for tools that give them greater flexibility and insight in how they manage their land and livestock, and Nofence's virtual fencing technology is delivering for those needs," added Bell. "With Nofence, our customers are able to work more efficiently and steward their land more sustainably. These investments mark a major step forward for Nofence in the U.S., expanding our reach and accelerating our ability to deliver even more value to our customers."

"We are incredibly proud to announce our Series B funding round. This investment is a testament to the hard work of the entire Nofence team and the strength of our technology," said Stefanie Witte, chair of the Nofence Board of Directors. "What's particularly exciting for us is not just the capital but the caliber and international breadth of our investors. They bring a range of expertise from across Europe and North America – perfectly aligned with Nofence's own international expansion – and their experience will be an invaluable asset as Nofence continues to grow and innovate."

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"Nofence is addressing one of the most urgent needs in agriculture: making livestock management more efficient and climate-friendly," said Torkel Engeness, partner at Sandwater. “The company's rapid adoption across multiple markets demonstrates both the strength of its technology and the depth of demand from farmers. Having backed Nofence since the Series A, Sandwater is proud to continue this partnership and build on the strong foundation already in place.”

Founded in Norway in 2011 by goat farmer Oscar Hovde at Batnfjordsøra, Nofence is the world's pioneer commercial virtual fencing system for livestock, serving as a sustainable alternative to physical fencing. The animals' grazing areas are managed using a GPS collar, which communicates with an app using a mobile network. When the animals cross the virtual boundary, an escalating acoustic warning is played. If they ignore the sound, they will get a mild but effective electrical pulse. The animals learn this quickly in their training period of up to a week, depending on variables like the breed and the age of the animal.

Since entering the U.S. market in 2025, Nofence has seen surging demand among American producers eager to improve grazing management without the constraints of physical fencing. As the world's only provider of virtual fencing for both cattle and small ruminants, Nofence technology is helping American producers in 48 states manage their livestock more efficiently, all while saving time and money.

The company's virtual fences have increased in popularity since its pilot customers first began using it in Norway in 2016, with the company surpassing 150,000 collars sold. Nofence has 90 employees worldwide at locations in Norway, the U.K., Ireland, Spain and the U.S.