What is the story about?
What's Happening?
NoFence, a virtual fencing company, has raised over $35 million in an oversubscribed Series B funding round, marking Europe's largest agtech funding round in 2025. Founded in Norway, NoFence plans to use the funds to expand its market presence in Europe and the US, focusing on small- and medium-sized farms. The company offers solar-powered, GPS-enabled collars for herd animals, allowing farmers to monitor movements via smartphone. The collars issue audio warnings and mild electric pulses to guide animals, promoting rotational grazing practices. NoFence aims to provide cost-effective solutions for farmers, leveraging existing cellular networks for connectivity.
Why It's Important?
NoFence's expansion into the US and European markets highlights the growing interest in innovative agricultural technologies that enhance farm management and sustainability. Virtual fencing offers ecological benefits such as improved soil health and water retention, supporting rotational grazing practices. By reducing fencing costs and labor, NoFence provides a viable solution for small farms, potentially increasing their profitability and environmental contributions. This development reflects a shift towards precision agriculture and could drive further investment in agtech solutions.
What's Next?
With the new funding, NoFence plans to accelerate product development and market entry in the US and Europe. The company will continue to enhance its hardware and software offerings, aiming to make virtual fencing a mainstream solution for farmers. As connectivity challenges persist, NoFence is exploring strategies to improve network reliability, which will be crucial for widespread adoption.
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