We raise £25.6 million and accelerate our US push

We are proud to announce that we have completed Europe's largest agtech investment round so far in 2025, raising £25.6 million (NOK 350 million). The funds will be used to strengthen our position in the United States and drive continued global growth.

The round is led by European Circular Bioeconomy Fund (ECBF), a leading European fund within agtech and bioeconomy. Joining them are Capagro, Nysnø Klimainvesteringer, Climate Innovation Capital and Speedinvest, all with solid experience in climate technology and sustainable solutions. Existing investors Sandwater, Momentum and Ferd are also continuing their investments, which we see as a strong vote of confidence.

– This funding round is more than a financial milestone. It is a confirmation that our strategy is working, and it reflects the results we have already delivered to farmers around the world. We greatly appreciate the growing number of farmers choosing Nofence, and the support and trust we have received from our existing customers. A portion of the funds will be used to further develop our technology, for the benefit of those who actually buy our product, says CEO Joachim Kähler.

– The capital we are raising also reflects the strength of our team and the seriousness of the challenges we are helping to solve. We are now better positioned to make virtual fencing the standard for sustainable livestock management globally, he says.

Technology that makes a difference in everyday farming

Our solution is built on GPS-based collars and a user-friendly app that allows animals to graze freely without physical fences. Through the app, the farmer defines grazing areas and monitors animals in real time. When an animal approaches the boundary, it first receives a sound signal. In 96 per cent of cases, the sound alone is enough to make the animal turn back. Only if it does not respond does a mild electric pulse follow. Animals learn this quickly, usually within one week.

We are the only provider in the market offering virtual fencing for sheep and goats in addition to cattle.

– Our technology gives farmers effective solutions that make it easier to monitor animals, reduce costs and create peace of mind in their daily operations. At the same time, it facilitates rotational grazing, an important climate measure in farming. This is a significant step towards establishing virtual fencing as the new standard in modern and sustainable livestock management, says Kähler.

Increased investment in the US and Europe

The new capital follows the appointments of Alex Bell as Managing Director for the US and Eric Yates as National Sales Director. Both bring experience and networks that strengthen our position in a market with rapidly growing demand. We are also expanding our team across the EU, the United Kingdom and Norway.

– Farmers want tools that give them flexibility and insight into how they manage land and livestock, and that is exactly what we will give them. With Nofence, they can work more efficiently and farm more sustainably. This investment is a major step forward for our local efforts in both the US and Europe, says Kähler.

Torkel Engeness, partner at Sandwater, who has been with us since our previous funding round, is clear about what drives his continued commitment.

– The rapid adoption across multiple markets demonstrates the strength of the technology and the strong demand amongst farmers. Having supported Nofence since Series A, Sandwater is proud to continue this partnership and build on the solid foundation that has already been laid.

Chair of the Board Stefanie Witte is delighted to have closed the Series B round.

– We are incredibly proud to announce this round. It is testament to the hard work put in by our team and the strength of our technology. What is particularly exciting is not just the size of the round, but the calibre of the investors and the international breadth they represent. They bring unique expertise from across Europe and North America, which fits perfectly with our international expansion.

Isabelle Laurencin, partner at ECBF, underlines why they believe in the opportunity.

– We back companies that succeed commercially whilst driving forward sustainable and efficient systems. Nofence is transforming livestock management with a solution that increases efficiency, reduces costs and helps restore soil and biodiversity. With strong growth in Europe and clear opportunities in the US, we are proud to support this ambitious team.

Wissam Nasreddine, Principal at Speedinvest, highlights the potential that extends well beyond fencing alone.

– The digitalisation of agriculture is still in its early stages, and Nofence stands out as a key player with a solid platform for new products beyond the virtual fence.