Virtual fencing system for grazing animals – an effective climate measure in agtech.
Nofence AS’s virtual fencing technology provides farmers with a digital tool to manage animals efficiently without physical fences. By moving animals between different grazing areas, overgrazing is reduced and the soil gets time to rest. This provides several benefits:
- increased carbon storage and reduced greenhouse gas emissions from the soil
- better feed utilization and increased grazing area reduce the need for concentrated feed, resulting in lower feed costs
- strengthened soil health, which increases resilience to extreme weather.
The use of virtual fences also provides economic benefits related to reduced time spent on monitoring animals and fences, as well as fence repairs.
A strong investor consortium
The round is led by investors with extensive expertise in climate technology, agtech and sustainable solutions, including European Circular Bioeconomy Fund, Capagro, Nysnø Klimainvesteringer, Climate Innovation Capital and Speedinvest. Existing investors, including Sandwater, Momentum and Ferd, are also continuing their investments, which underscores their confidence in Nofence’s mission and long-term growth.