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Image Credit: Economic Times

Agritech startup Halter becomes New Zealand's latest unicorn in $100 million fundraise

  • Agritech startup, Halter, raised $100 million at a $1 billion valuation, becoming one of New Zealand's unicorns.
  • The Series D funding was led by Bond and joined by NewView, Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures, and Promus Ventures.
  • Halter focuses on cattle management for dairy farmers, using smart collars, connectivity towers, and a mobile app to enhance grazing efficiency and reduce environmental impact.
  • The company plans to expand in the US, where it works with 150 ranchers in 18 states, addressing labor shortages and improving herd management efficiency.
  • Halter's technology helps ranchers manage herds more efficiently with fewer staff, catering to the aging farmer population and labor shortages in rural areas.
  • The US farm industry is experiencing staffing challenges due to recent deportations, impacting an industry traditionally reliant on immigrant labor.

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