N
Nofence
Unlocks the potential for profitable use of pastures
About Nofence
Nofence AS, a Norwegian company founded in 2011, has developed the world's first commercial virtual fencing system for livestock. This system provides a sustainable and flexible alternative to traditional physical fences, enabling farmers to manage their grazing animals with greater efficiency and precision.
The Nofence system utilizes GPS technology and a solar-powered device worn by the animals. Farmers can define virtual pastures using a smartphone app, and the animals are guided by audio cues and, if necessary, a gentle electric pulse to stay within the designated boundaries. This allows for dynamic and optimized grazing patterns, which can lead to improved animal welfare and better land utilization.
The company targets livestock farmers, including those with cattle, sheep, and goats. The business model is based on a combination of hardware sales (the Nofence collars) and a subscription service for the app and GPS tracking. Nofence has expanded its operations beyond Norway and now has a presence in the United Kingdom, Ireland, Spain, and the United States, indicating a growing international market for its technology.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2011
- Headquarters
- Gjemnes, Norway
- Employees
- 125
- Open positions
- None listed
- Dealroom signal
- 93.0/100
- Sub-industry
- AgriTech
- Sector
- Food, Farming, Livestock, Direct-to-Consumer, Sustainable Development Goals, Space Tech, Climate Tech, Space Downstream
- Technology
- Hardware, Mobile app, IoT InternetOfThings
- Business model
- Manufacturing, SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Sep 2025 | $41M | $166M | Speedinvest · Climate Innovation Capital · Ferd · Momentum Partners | ↗ |
| LATE VCOther financing | Nov 2022 | $16M | $63M | Ferd · Sandwater | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Nofence is 30K monthly website visits, up 42.9% over the last three months. Nofence's team grew 12.6% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Innovation Norway
Series A5 investors entered at this stage
European Circular Bioeconomy Fund
Speedinvest- CCClimate Innovation Capital
Momentum Partners
Nysnø Climate Investments
Series B and later2 investors entered at this stage
Ferd
Sandwater
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Nofence on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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