Nofence celebrates largest funding round of the year

Speaking to ATN, Nofence chief commercial officer Marielle Hvide said the £26m Series B funding believed to be Europe’s largest agri-tech funding round of the year will allow Nofence to “expand globally, especially further in the US and in the EU,” while also enabling the company to “invest more in our product” to support both existing and emerging use cases.

Nofence remains focused on maintaining its strong growth trajectory and welcomes industry developments that are positive steps towards establishing technology as a mainstream solution for sustainable livestock management. 

As the regulatory environment evolves, Nofence is committed to leveraging ongoing research to raise awareness on the benefits of virtual fencing technology, particularly to assuage animal welfare concerns as data show the system does cause additional stress to animals. Marielle added that additional plans include accelerating product enhancement to improve usability across different livestock systems.

Read more on Nofence’s growth plans and technology enhancement after its successful Series B funding round - AgTech Navigator.