About Nofence
Nofence is a company based in Batnfjordsøra (Norway) founded in 2011.. Nofence has raised $38.7 million across 2 funding rounds from investors including Speedinvest, Momentum Partners and Wiski Capital. The company has 23 employees as of December 31, 2021. Nofence offers products and services including Nofence App and Nofence Collar. Nofence operates in a competitive market with competitors including Stellapps, Allflex, Herddogg, Vence and Antelliq, among others.
- Headquarter Batnfjordsøra, Norway
- Employees 23 as on 31 Dec, 2021
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Sectors
TechnologyAgriculture
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$7.14 M (USD)131as on Dec 31, 2021
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Net Profit
$-2.44 M (USD)-62as on Dec 31, 2021
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EBITDA
$-3.15 M (USD)-61as on Dec 31, 2021
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Total Equity Funding
$38.7 M (USD)
in 2 rounds
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Latest Funding Round
$35.25 M (USD), Series B
Jul 01, 2025
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Investors
Speedinvest
& 9 more
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Employee Count
23
as on Dec 31, 2021
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Products & Services of Nofence
Nofence offers a comprehensive portfolio of products and services, including Nofence App and Nofence Collar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for setting virtual fences and tracking livestock positions
GPS collar for enforcing virtual boundaries on animals
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Funding Insights of Nofence
Nofence has successfully raised a total of $38.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $35.25 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $35.2M
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First Round
First Round
(17 Dec 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series B - Nofence | Valuation | ECBF | |
| Dec, 2020 | Amount | Series A - Nofence | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nofence
Nofence has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Speedinvest, Momentum Partners and Wiski Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Wiski Capital is focused on investing in Norwegian tech startups.
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Founded Year | Domain | Location | |
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Norselab is engaged in impact asset management activities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nofence
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nofence
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nofence Comparisons
Competitors of Nofence
Nofence operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stellapps, Allflex, Herddogg, Vence and Antelliq, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of IoT and software solutions for dairy supply chain optimization
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| domain | founded_year | HQ Location |
Livestock identification and tracking systems are provided globally.
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| domain | founded_year | HQ Location |
Integrated hardware and software for livestock monitoring are provided.
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| domain | founded_year | HQ Location |
IoT-enabled wearables are supplied for real-time livestock monitoring and analysis.
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| domain | founded_year | HQ Location |
Animal identification and real-time monitoring solutions are provided for livestock.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nofence
Frequently Asked Questions about Nofence
When was Nofence founded?
Nofence was founded in 2011 and raised its 1st funding round 9 years after it was founded.
Where is Nofence located?
Nofence is headquartered in Batnfjordsøra, Norway. It is registered at Batnfjordsøra, Møre And Romsdal, Norway.
Is Nofence a funded company?
Nofence is a funded company, having raised a total of $38.7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.45M, raised on Dec 17, 2020.
How many employees does Nofence have?
As of Dec 31, 2021, the latest employee count at Nofence is 23.
What is the annual revenue of Nofence?
Annual revenue of Nofence is $7.14M as on Dec 31, 2021.
What does Nofence do?
Manufacturer of solar-powered digital fencing systems for livestock management. They offer solutions for cattle, goats, and Or. They offer a No-fence clave equipped with motion sensors, GPS receivers, Bluetooth, and solar rechargeable cells that are attached to the animal and can be tracked while they are gazing. They also offer an app that allows users to draw digital fences using index fingers or get real-time information about the animals. The app is available on both iOS and Android platforms.
Who are the top competitors of Nofence?
What products or services does Nofence offer?
Nofence offers Nofence App and Nofence Collar.
Who are Nofence's investors?
Nofence has 10 investors. Key investors include Speedinvest, Momentum Partners, Wiski Capital, Norselab, and ECBF.
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