Halter Reaches $1B Valuation, Fuels US Expansion with $100M Series D Raise

By Agroempresario.com

Halter, the New Zealand-based agtech company revolutionizing livestock management, has raised $100 million in a Series D funding round, boosting its valuation to $1 billion. The round was led by BOND, a venture capital firm known for backing major tech players such as DoorDash and Spotify.

Other participants included new investor NewView Capital and existing backers Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures, and Promus Ventures. The funding will power Halter’s continued expansion in the United States, where it already works with 150 ranchers across 18 states.

Founded in 2016 by Craig Piggott, Halter has developed a solar-powered smart collar system that replaces traditional fencing. The collars guide cattle using sound and vibrations, while ranchers control movement and monitor behavior remotely via a mobile app. The system is paired with connectivity towers to ensure reliable real-time data.

“Halter ranchers are more profitable and get better outcomes for the environment and their animals,” said CEO and founder Craig Piggott. “We’re helping ranchers increase productivity through rotational grazing, improved carrying capacity, and reduced labor – all while regenerating their land.”

As U.S. ranches face increasing labor shortages, particularly in light of immigration shifts and aging workforces, Halter’s technology offers a scalable and cost-efficient solution. “Over half of U.S. ranchers and farmers are over 55, and rural labor shortages are severe,” Piggott noted. “Halter enables smaller teams to manage larger herds more efficiently.”

The United States remains the world’s largest beef producer and consumer. According to the USDA, cattle consistently account for the largest share of total cash receipts in American agriculture.

“Cattle-based products generate over $1 trillion annually,” said Daegwon Chae, General Partner at BOND. “Yet ranches are still bound by the bottlenecks of the offline economy – labor, time, and lack of automation. Halter’s vision is to build a digital operating system for global ranches using physical-enabled tech.”

With this latest funding round, Halter aims to continue deploying its collar system across North America and cement its position as a leader in smart agriculture.