Halter Lassoed $100M to Reinvent Cattle Ranching—Now Valued at $1 Billion

Courtesy: Halter

Halter, the New Zealand-founded ag-tech startup modernizing cattle ranching through smart collars and virtual fencing, has raised $100 million in a Series D funding round, pushing its valuation to $1 billion. The round was led by global technology investment firm BOND, with participation from NewView Capital and continued backing from early investors Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures, and Promus Ventures.

Founded in 2016 by Craig Piggott, Halter has developed a solar-powered smart collar system that allows ranchers to guide, monitor, and manage cattle remotely. The collars use sound and vibration to move animals, replacing the need for traditional fences and manual herding. Paired with a mobile app and proprietary connectivity towers, the system gives ranchers 24/7 control over herd movement and land use from a smartphone.

With over 150 ranchers already using the technology across 18 U.S. states, Halter is rapidly expanding its presence in the U.S.—a key market where labor shortages, aging demographics, and climate pressures are converging to create urgent demand for precision livestock tools.

“Halter was built with our early ranchers and farmers—we wouldn’t be here without them,” said Piggott. “This capital will help unlock productivity gains for even more ranchers.”

The raise comes amid cautious venture funding in ag-tech, yet Halter’s focus on physical automation and real-time data has resonated with investors looking for practical solutions to legacy industry bottlenecks. Ranching is one of agriculture’s largest and most overlooked sectors, generating over $1 trillion annually worldwide. Yet most operations still rely on manual labor, basic infrastructure, and outdated tools.

“Ranches feed billions of people but are constrained by traditional bottlenecks of the offline economy—labor, time, and limited automation,” said Daegwon Chae, General Partner at BOND. “Halter’s vision is ambitious and impactful: to build the digital operating system for farms and ranches globally, leveraging the cutting edge of physically-enabled technology.”

Halter©

For ranchers, Halter’s technology is delivering clear outcomes. One Colorado user reported a 25% increase in herd carrying capacity while cutting daily labor needs through more efficient rotational grazing. The system also supports regenerative land management by enabling frequent, low-impact movement of animals—improving soil health and biodiversity while reducing overgrazing.

“Halter ranchers are more profitable and get better outcomes for the environment and their animals,” said Piggott. “They’re pioneering a more productive and sustainable way to ranch.”

As rural America faces a labor crunch—over half of U.S. ranchers are over 55—Halter’s promise of managing large herds with smaller teams is gaining traction. The company, which also operates from Boulder, Colorado, plans to scale its U.S. workforce and infrastructure to meet growing demand, positioning itself as a core enabler of the sector’s digital transition.

The $100 million Series D not only gives Halter capital to grow, but validates its thesis that meaningful innovation in food systems doesn’t always come from replacing livestock—it can come from managing them better.

Recently named New Zealand’s fastest-growing company by the Deloitte Fast50, Halter is building quietly and steadily, one pasture at a time.

“I’m really proud of our team,” said Piggott. “We’re passionate about supporting ranchers, and we’re excited about the journey ahead.”