Friday, 14 May 2021, 8:52 am
Vence, the leading supplier of
virtual fencing and herd management solutions for
sustainable animal protein production, has raised $NZ16
million /$US12 million.
The funding will help Vence
scale the delivery of its platform in its entry markets -
the US and Australia. The company is building tools which
enable precision livestock farming and are driving the
adoption of regenerative practices while improving
profitability for the farmers.
Vence was founded in
2016 after Kiwi Jasper Holdsworth, whose family has run a
livestock farm near Gisborne for over 100 years, identified
an opportunity. Reviewing the cost structure on the farm he