Overview
- Reports say the oversubscribed financing would value Halter at about $2 billion pre-money, with final terms still under negotiation.
- Halter and Founders Fund have not commented on the talks, which sources describe as ongoing and subject to change.
- The Auckland-founded company sells solar-powered GPS collars that use app-controlled audio and vibration cues and a trademarked Cowgorithm to herd and monitor cattle.
- The company says U.S. ranchers have mapped roughly 11,000 miles of virtual fencing and avoided about $220 million in physical fencing costs.
- Halter’s subscription pricing runs about $5 to $8 per animal per month, and its prior $100 million round led by BOND in June valued the firm near $1 billion.