Nofence raises over £26 million in Series B funding to accelerate UK expansion and global growth

Norwegian startup Nofence, a pioneer in virtual fencing for livestock, has closed a £26 million Series B round, marking Europe’s largest agtech raise of the year.

The funding round, led by the European Circular Bioeconomy Fund and joined by international investors including Capagro, Nysnø Climate Investments, Climate Innovation Capital, and Speedinvest, reflects growing investor confidence in Nofence’s scalable, tech-driven approach to livestock management.

Using solar-powered, GPS-enabled collars, Nofence replaces physical fences with virtual boundaries, enabling farmers to manage grazing more efficiently while improving animal welfare and supporting biodiversity. With over 150,000 collars sold across 8,000+ customers worldwide, the company is gaining traction in key markets like the UK, EU, and North America.

“This isn’t just capital—it’s a signal that virtual fencing is going mainstream,” said Joachim Kähler, CEO of Nofence. “We’re enabling sustainable grazing that works for farmers, the environment, and animals.”

Founded in Norway in 2011, Nofence has grown rapidly since launching commercially in the UK and continues to expand globally. The Series B funding will fuel further product development and international growth, positioning the company as a key player in climate-smart agriculture.