Overview
- Multiple reports say Halter is in financing talks led by Founders Fund at a roughly $2 billion pre-money valuation, with final terms and round size still to be set.
- Halter and Founders Fund declined to comment on the private negotiations, which sources describe as heavily oversubscribed.
- The valuation would about double Halter’s last mark from June, when BOND led a $100 million round that valued the company near $1 billion.
- Halter’s solar-powered GPS collars establish virtual fences and cue cattle with sound and vibration while feeding health and fertility telemetry to a smartphone app.
- The company cites more than 11,000 miles of virtual fencing mapped in the U.S. with an estimated $220 million saved on physical fencing, hundreds of thousands of collared animals across several countries, and a $5–$8 per head monthly subscription as it expands from Auckland to a Colorado hub.