BOULDER, Colo.–(BUSINESS WIRE)–Halter, a technology company increasing productivity on US cattle ranches with its virtual fencing and animal management system, has raised $100M in a Series D fundraising round, valuing the company at $1 billion.

The round was led by BOND, a global technology investment firm, with new investment from NewView and continued support from early investors Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures and Promus Ventures.

Craig Piggott, CEO and Founder of Halter, says “Halter was built with our early ranchers and farmers – we wouldn’t be here without them. We’re deeply grateful for their trust. This capital will help unlock productivity gains for even more ranchers.”

Halter is the leading system to run a cattle ranch. The Halter system includes a smart collar for each cow, towers for connectivity, and an app that lets ranchers manage their cattle and pasture from their phone. Cattle are guided by the collar’s sound and vibration cues. Ranchers can virtually fence, move, and monitor their cattle 24/7.

“Halter ranchers are more profitable and get better outcomes for the environment and their animals. Halter ranchers increase productivity through rotational grazing, increased carrying capacity, and reduced workload – while improving soil health and regenerative land management,” says Piggott.

Piggott says the milestone highlights the importance of ranching in society. “Ranchers are the backbone of rural communities. They feed society and play a key role in building sustainable food systems. Halter ranchers are pioneering a more productive and sustainable way to ranch.”

“We’re delighted to partner with BOND and to welcome NewView, and we’re grateful for continued support from our investors who backed us early – we’re all aligned on our mission to support ranchers.”

“Cattle-based products generate over $1 trillion annually,” says Daegwon Chae, General Partner at BOND. “Ranches feed billions of people but are constrained by traditional bottlenecks of the offline economy – labor, time, and limited automation. Halter’s vision is ambitious and impactful, to build the digital operating system for farms and ranches globally, leveraging the cutting-edge of physically-enabled technology. We’re thrilled to partner with them.”

US expansion is a major focus for Halter following this raise. Halter supports ~150 ranchers across 18 states, with a rapidly-growing US team. The capital will help thousands more ranchers increase productivity and deepen their enjoyment of ranching, in turn driving growth in the economy.

“Over half of US ranchers and farmers are over 55, and rural labor shortages are severe,” says Piggott. “Halter enables smaller teams to manage herds more efficiently, without constant physical presence.”

Halter was named the fastest growing company in New Zealand by the Deloitte Fast50 index, and is well positioned to continue expanding to meet demand across its markets.

“I’m really proud of our team – we’re passionate about supporting ranchers and we’re excited about the journey ahead,” says Piggott.

About Halter

Founded in 2016, Halter is the world’s leading technology to run a beef ranch or dairy farm. Halter has thousands of customers across New Zealand, Australia and the US, with new cattle ranches and dairy farms going live daily. Halter employs over 200 people, is headquartered in Auckland (New Zealand), with a US office in Boulder, Colorado.

About BOND

BOND is a global technology investment firm that supports visionary founders throughout their entire life cycle of innovation and growth. BOND’s founding partners have backed industry pioneers such as Airbnb, Canva, Docusign, DoorDash, Facebook, Instacart, JD.com, Peloton, Plaid, Revolut, Ring, Slack, Snap, Spotify, Square, Stripe, Twitter, Uber, and Waze.

Contacts

Charlie Baker
charlie.baker@halter.co.nz

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