Braden Fastier/Stuff
Vence has received interest from nearly 5000 livestock farmers and will deliver the first commercial version of its product to farms across the US and Australia this year. (File photo) In 2017, Vence was selected pitch to investors as part of FoodBytes, a global programme from Rabobank that connects startups, corporate leaders, investors and farmers to solve food system challenges. This month the company announced its successful capital raise which attracted support from existing backers, including Rabo Food and Agri Innovation Fund, and new investors. The money will be used to boost the roll-out of the Vence platform in the United States and Australia.
Press Release – Rabobank 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 – …
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.
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