New Zealand's Halter Raises $220 Million in Series E Funding, Doubling Valuation
New Zealand's Halter Raises $220 Million in Series E Funding, Doubling Valuation
New Zealand agtech startup Halter has announced the successful completion of a $220 million Series E funding round, doubling the company’s valuation to $2 billion (approximately $2.9 billion). The financing was led by billionaire Peter Thiel’s venture capital firm, Founders Fund, with participation from Blackbird, DCVC, Bond, Bessemer, NewView, Ubiquity, Promus, and Icehouse Ventures.
Funding Fuels Global Expansion Plans
Halter, known for its innovative solar-powered cattle collar technology, plans to use the capital to further support farmers already using its products and expand its presence in key markets. The company currently operates in the United States, New Zealand, and Australia and intends to enter Ireland and the United Kingdom later this year.
The latest funding follows a $100 million round completed last June, which had valued the company at approximately $1 billion. Halter's growth trajectory underscores its ambition to modernise the global agriculture sector. To date, the company has sold one million of its solar-powered collars and serves over 2,000 farmers and ranchers across its markets.
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Revolutionising Agriculture with Technology
Halter’s mission is to bring digital solutions to one of the least digitised industries in the world. Founders Fund Partner Amin Mirzadegan highlighted the transformative potential of the company's technology, stating: "Agriculture is a multi-trillion-dollar industry that feeds the world, yet remains one of the least digitised sectors on earth. Halter is changing that by bringing software, sensors, and AI directly into livestock operations in a way that ranchers actually adopt."
Mirzadegan commended Halter’s CEO, Craig Piggott, for his insight into the challenges faced by ranchers, adding: "(CEO Craig Piggott’s) deep understanding of the ranchers he serves has enabled the company to build something that’s not just useful, but mission-critical to how ranches run."
Looking Ahead
Halter’s technology continues to gain traction as the agriculture industry seeks ways to increase productivity and efficiency through innovation. With its latest funding and plans for global expansion, the company is poised to play an integral role in shaping the future of farming.