Generate Invests In Halter - New Zealand's Fastest Growing Technology Company
Founded in 2016, Halter has grown to become the leading operating system to run a dairy or beef farm. Halter's system includes a solar-powered smart collar for each cow and an app that lets farmers manage their cattle and pasture from their phone. The collar's sound and vibration cues enable farmers to virtually fence, move, and monitor their cattle 24/7.
Halter launched their commercial farm in New Zealand in 2021. Since then, they have scaled to >1,000 farms across New Zealand, Australia, and the USA. In 2024, they were named New Zealand's fastest growing company by the Deloitte Fast 50 Index.
Generate's investment in Halter, via its Balanced, Growth and Focused Growth funds, follows its earlier strategic investments in venture capital firms Movac and Icehouse Ventures to help accelerate more New Zealand tech companies.
Generate's Chief Investment Officer Sam Goldwater said, 'We're excited our members have the opportunity to join in on Halter's remarkable growth story. It is a company that can generate great returns for our investors while enabling New Zealand's largest export industry to simultaneously create more value and deliver environmental benefits.'
Advertisement - scroll to continue reading
As Halter CEO and Founder Craig Piggott noted, 'Farmers are the backbone of rural communities. They feed society and play a key role in building sustainable food systems. Halter farmers are pioneering a more productive and sustainable way to farm.'
Generate's investment team has been tracking Halter over many years largely thanks to their investment in Icehouse Ventures Growth Fund II, a substantial investor in Halter. The decision to invest further reflects the significant commercial and technical milestones achieved by Halter over the last few years.
'Halter's traction with cattle ranchers in the US has been particularly impressive. They have secured ranchers from Oregon to Louisiana and are proving their system can provide transformative impact.'
Their commercial traction - and foundations for significantly more growth - generated notable interest from investors around the globe. The capital raise attracted offers from multiple investors and even resulted in several flying to New Zealand to pitch their offer. That Generate secured an allocation reflects the success of its long-term, proactive, and strategic investment into New Zealand tech companies.
Halter's expansion throughout New Zealand has been particularly impressive - now with customers in every region and up to 30% market share in some farming regions. Coupled with their traction with cattle ranchers in the US they are proving their system can provide transformative impact.
'We are delighted to have more than 135,000 of Generate's investors aligned to our mission to help farmers to thrive — it's fantastic to have New Zealanders backing Halter's growth capital.', Craig Piggott commented.
About Generate:
Generate is an award-winning New Zealand-owned KiwiSaver and Managed Fund provider committed to helping New Zealanders plan for a secure and fulfilling retirement. With a team of expert advisers and track record of strong long-term performance, Generate aims to educate and empower Kiwis to make informed decisions to maximise their financial future.
About Halter: Founded in 2016, Halter is the leading operating system to run a dairy or beef farm. Thousands of farmers in New Zealand, Australia and the US use Halter to run their farm, with new customers going live daily. Halter is headquartered in Auckland and employs over 200 people across New Zealand, Australia, and the US.
About Icehouse Ventures: Icehouse Ventures' mission is to be transformative investors in transformative Kiwi technology companies. Over the last 20 years, Icehouse Ventures has invested >$500m into >350 New Zealand startups. They were among the first investors in Halter, Mint Innovation, Dawn Aerospace, Tradify, OpenStar, Hnry, Tracksuit, and Crimson Education.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RNZ News
an hour ago
- RNZ News
Winston Peters talks defence, trade with US Secretary of State Marco Rubio
US Secretary of State Marco Rubio meets with Foreign Minister Winston Peters in Washington, DC, on March 18, 2025. Photo: AFP / Saul Loeb Foreign Affairs Minister Winston Peters has spoken to his American counterpart Marco Rubio about defence and trade on Friday morning. The Minister was delighted to speak to US Secretary of State Marco Rubio this morning. The discussed: -US-NZ bilateral relations, including on defence, trade and development. -Recent events in the Pacific, including last week's PIF meetings in Suva; -The conflict in Gaza… Peters said he was "delighted" to speak to Rubio on the call about US-NZ bilateral relations including defence, trade and development. The pair also discussed last week's Pacific Islands Forum in Suva and recent developments in the conflicts in Gaza and Ukraine. A readout from the US State Department said Rubio expressed his appreciation for New Zealand's "recent courageous operation" to evacuate US personnel from McMurdo Station in Antarctica. "The Secretary and Foreign Minister also reaffirmed the strength of the US-New Zealand bilateral relationship," it said. Winston Peters at the defence spending announcement on Thursday. Photo: RNZ / Samuel Rillstone The meeting follows yesterday's announcement of the first tranche of the coalition's $12 billion spend on defence over the next four years. The first investment of $2.7b will buy five MH-60R Seahawk helicopters to replace the existing maritime fleet, and two Airbus A321XLR aircraft to replace the 757s. The helicopters make up the bulk of the expense, costing more than $2b, while the planes account for a $620 million capital cost and four-year operating cost of $80.86m under a six-year lease-to-buy agreement. They will be procured directly through the United States' Foreign Military Sales programme instead of going to a wider tender, with Cabinet to consider the final business case next year. The coalition has stepped up New Zealand's defence spend after pressure from the second Trump administration for countries to step up their investment. Speaking at yesterday's defence announcement, Peters said the intersection between New Zealand's defence and foreign policy was more important than ever before. "We face the most challenging strategic circumstances in New Zealand's modern history, and certainly the worst that anyone today working in politics or foreign affairs can remember. "Interests that New Zealand has long sought to advance are under serious pressure. Assumptions that have underpinned our policy settings for generations are being upended. While not without opportunity, this is a less predictable world for small states such as ours to navigate." Australia has also stepped up its defence spend this year, unveiling a mega $50 billion defence spending increase over the next decade.
RNZ News
an hour ago
- RNZ News
NZX reports drop in half-year profits due to write-downs
NZX's half-year profits fell by 46 percent due to write-downs. Photo: Supplied / NZX Stock market operator NZX reports a drop in half-year profits due to write-downs. Key numbers for the 6 months ended June compared with a year ago: Half-year profits fell by 46 percent at New Zealand's stock market operator, NZX, as it wrote down the value of its Quay Street Management purchase and some energy contracts. Leaving aside the one-offs the underlying profit was a shade higher than a year ago. "NZX's results show the benefit of the diversified range of financial infrastructure businesses we operate, and the variety of offerings available for companies to access capital," NZX chief executive Mark Peterson said. He said it continues to maintain a strong focus on cost management, and costs focusing on integrating Quay Street Management and efficiencies in its Smart investment products. Peterson said work was progressing well on the relaunch of the NZX 20 Index Futures which it expects will lift future earnings. "Despite the challenging macroeconomic environment in the latter half of H1 2025, NZX remains well positioned through our growth strategy of expanding our capital markets' product range and driving scale and operating leverage across our financial markets' businesses." Changes to the legislation earlier this year is expected to encourage more companies to list on the stock exchange. NZX was forecasting full year operating earnings are expected to be in the range of $49.0m to $54.0m. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
an hour ago
- RNZ News
Uncertainty over what replaces copper for rural households
Federated Farmers says letting Chorus remove the copper network could leave rural people with uncertainty as to where to go for a phone or internet connection. The Commerce Commission yesterday recommended to the Government that access to the copper network be deregulated. If the Minister agrees, that will allow Chorus to start removing the copper network, which the company expects to do by 2030. Regulation of access to the network was put in place 20 years ago, and the Commerce Commission's Telecommunications Commissioner Tristan Gilbertson says there are now less than a third of rural customers using it. He says most now have access to more than three alternative technologies like satellite broadband or wireless internet providers. But with some 100,000 homes and businesses still using the copper network, Federated Farmers telecommunications spokesperson Mark Hooper says the removal of copper leaves a lot of people unsure as to what to move to. Photo: Chorus
