Nofence has raised $35 million in Series B funding
The new capital is announced on the heels of the company’s recent hirings of Alex Bell as managing director in the U.S. and Eric Yates as national sales director
Sandwater's portfolio company Nofence, the leading innovator in virtual fencing technology, announced today that it has raised over $35 million after the successful close of its Series B funding. As Europe’s largest agtech funding round of 2025, this investment signals investor confidence in Nofence’s market traction, product innovation, and long-term potential to transform livestock management in the U.S. and worldwide.The new capital is announced on the heels of the company’s recent hirings of Alex Bell as managing director in the U.S. and Eric Yates as national sales director. These investments were led by international firms with deep expertise in climate tech, agtech, and sustainable systems, including the lead investor European Circular Bioeconomy Fund, along with Capagro, Nysnø Climate Investments, Climate Innovation Capital and Speedinvest - while existing investors Sandwater, Momentum and Ferd are also continuing their commitment, reflecting strong support for Nofence’s role in providing more sustainable and efficient grazing solutions for cattle, sheep, and goat farmers alike.As the pioneer of virtual fencing and the company with the longest experience in the field, the new funding will enable Nofence to accelerate its worldwide expansion in key North American and European markets. It underscores the company’s continued momentum in advancing its technology through further product development, strengthening service to its growing customer base, and reinforcing its position in core markets, including in the U.S. and E.U. Nofence recognizes the trust and support farmers and ranchers placed in its technology and is committed to using the new capital to further invest in enhancing its ability to serve them and deliver greater value. Nofence’s solar-powered, GPS-enabled collars managed via its easy-to-use mobile app are already helping thousands of farmers and ranchers improve land stewardship and reduce labor and production costs."Nofence's virtual fencing is transforming the way livestock producers manage their herds by enabling rotational grazing - an effective climate measure in agriculture - while also offering more efficient solutions to better monitor and enhance the welfare of livestock, reduce costs, and provide peace of mind," says Joachim Kähler CEO at Nofence. "This Series B funding is more than a financial milestone; it further validates our vision and the real-world results we’ve delivered to farmers across the globe. This raise reflects the strength of our team, the loyalty of our customers, and the urgency of the challenges we’re helping to solve, positioning us to make virtual fencing the standard for livestock management globally."Sandwater has backed Nofence since the Series A."Nofence is addressing one of the most urgent needs in agriculture: making livestock management more efficient and climate-friendly. The company’s rapid adoption across multiple markets demonstrates both the strength of its technology and the depth of demand from farmers. Having backed Nofence since the Series A, Sandwater is proud to continue this partnership and build on the strong foundation already in place," says Torkel Engeness, Partner at Sandwater.Since entering the U.S. market in 2025, Nofence has seen surging demand among American producers eager to improve grazing management without the constraints of physical fencing. As the world's only provider of virtual fencing for both cattle and small ruminants, Nofence technology is helping American producers in 48 states manage their livestock more efficiently, all while saving time and money.Read more here.