Generate makes another PE investment

Generate has invested $10 million into Halter - a rapidly growing New Zealand-founded and headquartered company. Generate bought secondary shares and joined a $165 million capital raise led by US venture capital firm, Bond.

The team at Bond have notably been investors in industry pioneers including AirBnB, DocuSign, Facebook, Stripe, and Uber.

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 its commercial farm in New Zealand in 2021. Since then, they have scaled to >1,000 farms across New Zealand, Australia, and the USA. 

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 chief investment officer Sam Goldwater says Halter "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.”

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.