Nofence
The world's first virtual fencing solution for livestock
The world's first virtual fencing solution for livestock
Nofence is the world’s first commercially available virtual fencing solution for livestock. The company, established in 2011 and headquartered in Norway, aims to revolutionize grazing management in the agriculture industry with its innovative approach. By eliminating the need for physical fences and introducing a smartphone app for pasture and herd management, Nofence offers farmers the opportunity to optimise grazing management while reducing both time and costs. The company's innovative technology not only provides farmers with operational flexibility but also allows animals to be utilized in new areas for various services, contributing to benefits such as biodiversity and fire control. The latest milestone for Nofence was the kr130.00M Series A investment received on 14 November 2022, with funding from Ferd Capital, Pelican Ag, and Sandwater. The company’s commitment to sustainable agriculture and technological innovation positions it as a promising venture for investors seeking opportunities in the Agriculture, IoT, and AgriTech sectors.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | kr130.00M | 3 |
|
14 Nov 2022 |
| Venture Round | kr30.00M | 3 |
|
17 Dec 2020 |
| Venture Round | kr20.00M | 1 |
|
03 May 2019 |
| Seed Round | kr7.10M | - | 01 Apr 2018 | |
| Debt Financing | kr4.00M | - | 15 Apr 2017 |
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