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WELLINGTON, June 2025 — New Zealand agtech startup Halter has become one of the country’s rare unicorns, reaching a valuation of $1 billion following a successful $100 million Series D funding round.
The company, which develops smart cattle management technology for dairy farmers, announced the raise on Monday as it accelerates its expansion into the U.S. market.
The funding round was led by prominent tech investment firm Bond, with participation from NewView Capital, and returning investors Bessemer Venture Partners, DCVC, Blackbird Ventures, Icehouse Ventures, and Promus Ventures.
Founded in 2016, Halter uses GPS-enabled smart collars and an AI-driven platform to help farmers remotely guide, monitor, and manage their herds. The system aims to improve animal welfare, reduce labour costs, and increase productivity on dairy farms.
The company said the latest capital will support growth across North America, enhance its technology offering, and scale its team. Halter has already made inroads with major U.S. dairy producers, positioning itself as a key player in the growing global agtech sector.
With this latest valuation milestone, Halter joins a small group of New Zealand startups to achieve unicorn status, underscoring investor confidence in the country’s innovation ecosystem and in sustainable farming technologies.
