Halter Revenue, Valuation, Funding & Investors

Halter is valued at $2B as of March 2026, a 22.4x multiple on its last reported $89M revenue.

Last Halter valuation

$2B

Series E · Mar 2026

Last Halter funding round

$220M

Series E · Mar 2026

Halter revenue

$89M

Series E · Mar 2026

Key investors in Halter

  • DCVC
  • Promus Ventures
  • Blackbird Ventures
  • Icehouse Ventures
  • Ubiquity Ventures
  • Peter Beck

Halter Overview

About Halter

Halter is a New Zealand-based agtech company producing solar-powered GPS collars for cattle and sheep. The virtual fencing system delivers audio cues and mild pulses to contain livestock within pastures while tracking health metrics and water usage via cloud dashboard. Deployed on over one million animals, Halter serves dairy and beef farmers in Australia and North America.


Founded

2016

HQ

New ZealandAuckland

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$89M (Mar 2026)

Valuation

$2B (Mar 2026)

Halter Valuation

Halter is currently valued at $2B, based on its Series E in March 2026.

The $220M round was led by Founders Fund, with participation from Promus Ventures, NewView Capital, Blackbird Ventures, Icehouse Ventures, Ubiquity Ventures and 3 other investors.

Halter's valuation has grown 2.0x from $1B at its Series D in June 2025 to $2B in March 2026, across 2 priced rounds.

Halter valuation by funding round

Revenue multiple
Halter valuation by funding round
DateStageValuationRevenue Multiple
Mar 2026Series E$2B22.4x
Jun 2025Series D$1B-

Halter Revenue

Halter's latest recorded revenue is $89M, as of its Series E in March 2026. At a $2B valuation, that implies a 22.4x revenue multiple.

Halter revenue by funding round

Halter revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2026$89M$2B22.4xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Halter Funding History

Halter has raised a total of $421M across 6 funding rounds.

Halter's first fundraising round was a $5M Series A in June 2018. The most recent completed round was a $220M Series E in March 2026.

Halter funding rounds

Halter funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Series EFounders Fund (lead); Promus Ventures; NewView Capital; Blackbird Ventures; Icehouse Ventures; Ubiquity Ventures; Bessemer Venture Partners; DCVC; Bond$220M$2B-
Jun 2025Series DBond (lead); Promus Ventures; NewView Capital; Blackbird Ventures; Icehouse Ventures; Bessemer Venture Partners; DCVC$101M$1BHalter is a New Zealand-founded agricultural technology company that develops virtual fencing and animal management systems for cattle ranching. The platform includes smart collars, connectivity towers, and a mobile app that enables ranchers to manage their cattle using sound and vibration cues, improving grazing efficiency and reducing environmental impact. In June 2025, Halter raised $100 million in Series D funding at a $1 billion valuation, led by global technology investment firm BOND with participation from NewView Capital and continued backing from existing investors Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures, and Promus Ventures. The funding validates Halter's focus on physical automation and real-time data solutions for legacy agricultural bottlenecks. At the time of the round, Halter was supporting approximately 150 ranchers across 18 states in the US following its expansion into the American market in the prior year. The capital was allocated to support product development, strengthen US operations, and unlock productivity gains for additional ranchers. Halter addresses significant market tailwinds including aging rancher demographics, severe rural labor shortages, and climate pressures, within a ranching sector generating over $1 trillion annually worldwide. The company has been recognized as New Zealand's fastest-growing company by the Deloitte Fast50 index.
Mar 2023Series CBessemer Venture Partners (lead); Promus Ventures; Blackbird Ventures; Icehouse Ventures; Peter Beck; DCVC$53M-Halter is a New Zealand-based agritech company providing a virtual fencing and animal management system for dairy and beef farms, using solar-powered smart collars, connectivity towers, and a mobile app to enable farmers to manage cattle remotely through sound, vibration cues, rotational grazing, and 24/7 monitoring. The Series C funding round on March 30, 2023, raised $85 million with Bessemer Venture Partners as lead investor, alongside Blackbird Ventures, DCVC, Icehouse Ventures, Peter Beck, and Promus Ventures. This followed prior rounds, bringing total funding to $113.6 million across five rounds as of that date. The company had expanded to the US by early 2023, supporting ranchers across 18 states, amid labor shortages and a focus on productivity gains. Subsequent Series D rounds in 2025 raised $100 million (or equivalently $165M NZD) at a $1 billion USD post-money valuation, led by BOND with participation from NewView Capital and existing investors including Bessemer, DCVC, Blackbird, Icehouse, and Promus, to fuel US expansion and product innovations. Halter was named New Zealand's fastest-growing company by Deloitte Fast50 and positioned its platform as the leading operating system for farms.
Apr 2021Series BBlackbird Ventures (lead); Promus Ventures; Ubiquity Ventures; Peter Beck; DCVC$23M-Halter is a New Zealand-based livestock management platform founded in 2016, known for its virtual fencing system using solar-powered smart collars on cows, connectivity towers, vibrations, and sound cues to guide herds, enabling ranchers to monitor movement and activity via phones for efficient grazing, rotational grazing, increased carrying capacity, reduced workload, improved soil health, and regenerative land management. The company has expanded from New Zealand and Australia to the US, supporting around 150 ranchers across 18 states as of recent updates. Blackbird Ventures first invested in Halter in 2021, aligning with the queried round involving DCVC, Peter Beck, Promus Ventures, and Ubiquity Ventures, with Blackbird as lead. Sources confirm Blackbird's involvement in Halter starting April 27, 2021, linked to Series B, with continued participation in later rounds like Series C in 2023 ($85M led by Bessemer Venture Partners, with Blackbird, DCVC, Icehouse Ventures, Peter Beck) and Series D in June 2025 ($100M led by BOND, reaching $1B valuation, with NewView, Bessemer, DCVC, Blackbird, Icehouse, Promus). Overall, Halter has raised $213.6M over 7 rounds. Halter achieved exponential growth through a small sales team during COVID-19 restrictions using phone/zoom sales, with ambitions for global scale beyond New Zealand. Blackbird views Halter as a potential default operating system for farms worldwide and one of New Zealand's great companies. The US beef market context highlights cattle products generating over $1 trillion annually, addressing labor, time, and automation bottlenecks in ranching.
Apr 2020Series BPromus Ventures; Blackbird Ventures; Ubiquity Ventures; Peter Beck; DCVC$19M--
Jun 2018Series ADCVC (lead); Founders Fund (lead); Promus Ventures; Icehouse Ventures; Ubiquity Ventures; Peter Beck; K1W1; Tuhua Fund$5M-Halter is an agtech company developing solar-powered collars with software for dairy and beef farmers to manage livestock. The company was founded by Craig Piggott, who grew up on a family dairy farm and worked at Rocket Lab. In 2018, Ubiquity Ventures co-led Halter's seed round after meeting Piggott. Icehouse Ventures participated in Halter's first capital raise in 2016 alongside Peter Beck and Stephen Tindall, with subsequent rounds led by Promus, DCVC, Blackbird, Icehouse Ventures Growth Fund I, and Bessemer.

Who has invested in Halter?

12 investors have backed Halter across its funding rounds, including DCVC, Promus Ventures, Blackbird Ventures, Icehouse Ventures, Ubiquity Ventures and Peter Beck.

Lead investors include Founders Fund, Bond, Bessemer Venture Partners, Blackbird Ventures and DCVC.


Halter Investors

Investors in Halter by funding rounds participated
InvestorHQRoundsRoleFirst check
Promus VenturesUnited StatesChicago, IL6ParticipantJun 2018
DCVCUnited StatesUnited States6LeadJun 2018
Blackbird VenturesAustraliaSydney5LeadApr 2020
Icehouse VenturesNew ZealandAuckland4ParticipantJun 2018
Ubiquity VenturesUnited StatesSan Francisco, CA4ParticipantJun 2018
Peter BeckUnited StatesLos Angeles, CA4ParticipantJun 2018
Bessemer Venture PartnersUnited StatesSan Francisco, CA3LeadMar 2023
NewView CapitalUnited StatesSan Francisco, CA2ParticipantJun 2025
Founders FundUnited StatesSan Francisco, CA2LeadJun 2018
BondUnited StatesSan Francisco, CA2LeadJun 2025

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Investments by Halter

Halter has invested in 1 company to date.

Latest investment by Halter was on September 2nd 2021. Halter invested in Aquafortus in their $8M Series A round.


Latest Investments by Halter

Aquafortus
Description
Aquafortus is a Canadian developer of brine concentration technology headquartered in Calgary. The company deploys its MBrine system to treat produced water from oil sands, cooling tower blowdown, and mining effluents. The forward osmosis-evaporator hybrid reduces volumes by 75% while recovering fresh water and minerals like lithium. Installations operate at sites in Alberta and Texas.
HQ CountryNew Zealand
HQ City
Auckland
Deal Date2 Sep 2021
RoundSeries A
Raised$8M
InvestorsK1W1; Rocket Lab; DCVC; New Zealand Growth Capital Partners
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Halter Competitors

Halter competitors include listed companies like Genus and CVR Partners, and private ones like Apeel Sciences, Distynct, Bowery Farming and Niqo Robotics.

Public and private companies comparable to Halter
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Apeel SciencesUnited StatesSanta Barbara, CAPrivate--$2B-
GenusUnited KingdomUnited KingdomPublicly listed$903M$122M$1.9B2.2x
DistynctUnited StatesAmes, IAPrivate--$1.8B-
Bowery FarmingUnited StatesNew York City, NYPrivate--$2.3B-
Niqo RoboticsIndiaBangalorePrivate--$1.6B-
CVR PartnersUnited StatesUnited StatesPublicly listed$606M$211M$1.4B3.1x

Halter Public Comps

Halter is still privately-owned, but its public comps include Biomar Group, UIE, Keli Sensing Technology, BF Group, Genus, COSUMAR, Austevoll Seafood, Willfar, Presco and nLight.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Biomar Group$2.5B$218M1.0x0.9x11.2x9.7x
UIE$587M$328M3.7x-6.7x-
Keli Sensing Technology$232M$79M8.8x8.2x26.1x32.4x
BF Group$1.9B$124M1.4x1.3x21.3x19.5x
Genus$903M$122M2.2x2.2x16.4x11.3x
COSUMAR$1.5B$161M1.2x1.6x11.6x10.5x
Austevoll Seafood$4.2B$406M1.0x1.0x10.2x6.9x
Willfar$444M$119M3.7x3.5x13.9x12.8x

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Common questions about Halter

When was Halter founded?Halter was founded in 2016.
Where is Halter headquartered?Halter is headquartered in Auckland, New Zealand.
Is Halter publicly listed?No, Halter is a private, VC-backed company.
What is Halter's valuation?Halter was last valued at $2B in its Series E in March 2026.
How much funding has Halter raised?Halter has raised $421M across 6 funding rounds.
What was Halter's last funding round?Halter's last funding round was a $220M Series E in March 2026, led by Founders Fund.
Who are Halter's investors?Halter's investors include Promus Ventures, DCVC, Blackbird Ventures, Icehouse Ventures, Ubiquity Ventures, Peter Beck, Bessemer Venture Partners, NewView Capital, Founders Fund, Bond and 2 others.
What is Halter's revenue?Halter's latest recorded revenue is $89M (March 2026).
What is Halter's revenue multiple?Halter's latest valuation implies a 22.4x revenue multiple ($2B valuation on $89M of revenue).
Which companies are comparable to Halter?Companies comparable to Halter include Apeel Sciences, Genus, Distynct, Bowery Farming, Niqo Robotics and CVR Partners.
How many companies has Halter invested in?Halter has invested in 1 company, including Aquafortus.
What was Halter's last investment?In September 2021, Halter invested in Aquafortus' $8M Series A alongside K1W1, Rocket Lab, DCVC and 1 other investor.

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