Nofence Raises Over €30M Funding In Series B Round

Investors included European Circular Bioeconomy Fund, Capagro, Nysnø Climate Investments, Climate Innovation Capital, Speedinvest, and existing backers Sandwater, Momentum, and Ferd.

The funding will accelerate Nofence’s global expansion, particularly in North America and Europe, support further product development and enhance services for its growing customer base. Recently the company appointed Alex Bell as U.S. Managing Director and Eric Yates as National Sales Director to strengthen its international operations.

Nofence’s solar-powered GPS enabled collars, managed via a user friendly mobile app enable farmers and ranchers to improve land stewardship, reduce labor and lower production costs. The new capital underscores confidence in Nofence’s ability to transform livestock management with sustainable innovative solutions.

Read Also - Enhanced Genomics Secures €16 Million To Accelerate Therapeutics Pipeline Development

"Nofence's virtual fencing is transforming the way livestock producers manage their herds by enabling rotational grazing – an effective climate measure in agriculture – while also offering more efficient solutions to better monitor and enhance the welfare of livestock, reduce costs and provide peace of mind," said Joachim Kähler, chief executive officer of Nofence.

"This Series B funding is more than a financial milestone it further validates our vision and the real-world results we've delivered to farmers across the globe. This raise reflects the strength of our team, the loyalty of our customers and the urgency of the challenges we're helping to solve, positioning us to make virtual fencing the standard for livestock management globally."

Founded in 2011 by goat farmer Oscar Hovde and led by CEO Joachim Kähler, Nofence provides a commercial virtual fencing system for livestock, offering a sustainable alternative to physical fences.

Animals are managed via a GPS-enabled collar linked to a mobile app. If they cross a virtual boundary, an escalating acoustic warning is triggered, followed by a mild electrical pulse if ignored. Animals typically learn the boundaries within a week, depending on breed and age.

"We are incredibly proud to announce our Series B funding round. This investment is a testament to the hard work of the entire Nofence team and the strength of our technology," said Stefanie Witte, chair of the Nofence Board of Directors. "What's particularly exciting for us is not just the capital but the caliber and international breadth of our investors. They bring a range of expertise from across Europe and North America – perfectly aligned with Nofence's own international expansion – and their experience will be an invaluable asset as Nofence continues to grow and innovate."

Since entering the U.S. market in 2025 Nofence has experienced strong demand from American producers seeking efficient grazing management without physical fences. As the world’s only virtual fencing provider for both cattle and small ruminants, Nofence helps farmers across 48 states optimize livestock management while saving time and costs.

The technology has grown in popularity since pilot programs in Norway in 2016, with over 150,000 collars sold to date. Nofence employs 90 people globally, with offices in Norway, the U.K., Ireland, Spain, and the U.S.

"Nofence is addressing one of the most urgent needs in agriculture: making livestock management more efficient and climate-friendly," said Torkel Engeness, partner at Sandwater. “The company's rapid adoption across multiple markets demonstrates both the strength of its technology and the depth of demand from farmers. Having backed Nofence since the Series A, Sandwater is proud to continue this partnership and build on the strong foundation already in place.”

About Nofence

Nofence is the world’s first commercial virtual fencing solution, letting farmers manage livestock and pastures via a smartphone app. By replacing physical fences it optimizes grazing, reduces time and costs, supports biodiversity and fire control, enhances meat and fiber production, and protects soil and plants through natural, rotational grazing.