Norway based agritech company, Nofence, has secured US$ 35 million (€30 million) in Series B funding to expand its virtual fencing technology, a solar and GPS enabled system that helps farmers manage livestock without physical barriers. With this funding, the company is focusing on expanding adoption in the US and European markets while advancing its technology to improve grazing efficiency, reduce costs, and support sustainable livestock management.
The round was led by the European Circular Bioeconomy Fund, joined by Capagro, Nysnø Climate Investments, Climate Innovation Capital, and Speedinvest. Existing investors Sandwater, Momentum, and Ferd also participated, demonstrating their continued commitment. The involvement of these international investors, spanning Europe and North America, reflects confidence in both the market traction and the scalability of Nofence’s solutions.
Focus on US Market and Team Expansion
The new funding coincides with the company’s appointment of Alex Bell as US Managing Director and Eric Yates as National Sales Director. These strategic hires come at a time when Nofence is seeing surging demand among American producers. Since entering the US market in 2025, the company’s technology has been adopted across 48 states.
Nofence’s collars, powered by solar energy and enabled with GPS, are managed through a mobile application, offering producers the ability to move herds, extend grazing periods, and monitor livestock without traditional fences. The technology is already being used by thousands of farmers and ranchers globally, supporting cattle, sheep, and goat management while helping reduce labor and production costs.
“Farmers and ranchers are looking for tools that give them greater flexibility and insight in how they manage their land and livestock, and Nofence’s virtual fencing technology is delivering for those needs. With Nofence, our customers are able to work more efficiently and steward their land more sustainably. These investments mark a major step forward for Nofence in the US, expanding our reach and accelerating our ability to deliver even more value to our customers.”
Virtual Fencing as a Modern Grazing Tool
For farmers and ranchers, traditional fencing remains labor intensive and costly. Nofence offers an alternative through its digital system, reducing time spent on building and maintaining fences. The collars and app enable rotational grazing, a practice linked to better land stewardship and climate resilience.
Farmers using the system have reported reduced costs and improved efficiency, while also gaining flexibility in managing their land and operations. The company positions its technology as a modern grazing tool, comparable to the role tractors and modern genetics played in previous agricultural shifts.
The Series B investment will be directed toward strengthening Nofence’s presence in the US and Europe, expanding its team to provide localized support, and further advancing its technology. The company also plans to expand adoption through partnerships with land grant universities, extension services, and conservation programs such as the USDA’s Environmental Quality Incentives Program (EQIP), which helps make virtual fencing more accessible to farmers nationwide.
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With cost sharing opportunities becoming more widely available, Nofence is aiming to extend access to its technology to a larger pool of American farmers. The funding also provides resources for tailored solutions across different farm geographies, ensuring broader adoption and service improvements.
Growing Adoption Among Farmers
Adoption of virtual fencing in the US is gaining momentum, with farmers citing benefits ranging from cost reductions to greater operational flexibility. For ranchers and family owned farms alike, the system has offered time savings and the ability to manage more acres with fewer labor demands.
The company acknowledges the trust placed in its technology by farmers and ranchers and emphasizes that the new capital will be used to reinforce its ability to deliver value while strengthening relationships with its customer base.
Looking Ahead
With this latest funding milestone secured, Nofence is focusing on scaling its technology and deepening its reach in the US and European markets. By addressing challenges such as labor shortages, price volatility, and the high costs of traditional fencing, the company sees its role as providing practical tools for livestock management that align with both economic and environmental needs.
As adoption expands, Nofence’s collars are expected to continue reshaping how farmers and ranchers approach grazing, offering a combination of flexibility, efficiency, and sustainability in day to day operations.
