Latest news with #BOND
Bloomberg
2 days ago
- Business
- Bloomberg
Substack Raises $100 Million at $1.1 Billion Valuation
Substack, the newsletter platform for independent writers, has raised $100 million to invest in better tools, broader reach and more support for creators on the site. Investors were led by technology investment firm BOND and the Chernin Group, the company announced Thursday. Andreessen Horowitz, Klutch Sports Group founder Rich Paul and Skims Body Inc. co-founder Jens Grede also participated in the round, which values the company at $1.1 billion.
Yahoo
2 days ago
- Business
- Yahoo
Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more
Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack's valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity as a platform for creators and publishers to monetize their content. The company said in March that it had surpassed 5 million paid subscriptions on its platform, up from 2 million in 2023. Substack said in a blog post that it will use the funding to invest in 'better tools, broader reach, and deeper support for writers and creators.' It also plans to invest in the Substack app.
TechCrunch
2 days ago
- Business
- TechCrunch
Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more
In Brief Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the funding brings Substack's valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million. Founded in 2017, Substack has gained popularity as a platform for creators and publishers to monetize their content. The company said in March that it had surpassed 5 million paid subscriptions on its platform, up from 2 million in 2023. Substack said in a blog post that it will use the funding to invest in 'better tools, broader reach, and deeper support for writers and creators.' It also plans to invest in the Substack app.
Yahoo
25-06-2025
- Business
- Yahoo
Halter raises fresh funds at $1bn valuation
Halter, a New Zealand-based agtech company, has raised NZ$165m ($97.9m) in a Series D funding round, elevating its valuation to NZ$1.65bn ($1bn). The funding was spearheaded by BOND, an investment firm specialising in technology, with additional contributions from NewView Capital and ongoing support from local investors such as Blackbird and Icehouse Ventures, alongside backing from Bessemer Venture Partners, DCVC, and Promus Ventures. Founded in 2016, Halter has developed a virtual fencing and animal management system designed to enhance productivity for farmers. Central to this system is a solar-powered smart collar for cattle, complemented by connectivity towers and a mobile application that allows farmers to manage their livestock and pasture remotely. The collars utilise sound and vibration cues to guide the cattle, enabling farmers to virtually fence, relocate, and monitor their herds continuously. The company currently serves thousands of farmers across New Zealand, Australia, and the US, with new clients regularly adopting the system. Headquartered in Auckland, the company employs more than 200 staff across its operational regions. Halter CEO and founder Craig Piggott said: 'Halter was built with our early farmers – we wouldn't be here without them. We're deeply grateful for their trust. This capital will help unlock productivity gains for even more farmers. 'Halter farmers are more profitable and get better outcomes for the environment and their animals. Farmers use Halter to grow and harvest more grass, reduce workload, increase herd size, improve animal health and welfare, and unlock environmental benefits.' Dae-gwon Chae, General Partner at BOND, highlighted the significance of the cattle industry, noting that products derived from cattle generate more than $1trn annually. Chae said: 'Farmers feed billions of people but are constrained by traditional bottlenecks of the offline economy – labour, time, and limited automation. 'Halter's vision is ambitious and impactful, to build the digital operating system for farms and ranches globally, leveraging the cutting-edge of physically-enabled technology.' "Halter raises fresh funds at $1bn valuation" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
23-06-2025
- Business
- Business Wire
Halter Raises $100M in Funding to Increase Productivity on Cattle Ranches
BOULDER, Colo.--(BUSINESS WIRE)--Halter, a technology company increasing productivity on US cattle ranches with its virtual fencing and animal management system, has raised $100M in a Series D fundraising round, valuing the company at $1 billion. The round was led by BOND, a global technology investment firm, with new investment from NewView and continued support from early investors Bessemer Venture Partners, DCVC, Blackbird, Icehouse Ventures and Promus Ventures. Craig Piggott, CEO and Founder of Halter, says 'Halter was built with our early ranchers and farmers – we wouldn't be here without them. We're deeply grateful for their trust. This capital will help unlock productivity gains for even more ranchers.' Halter is the leading system to run a cattle ranch. The Halter system includes a smart collar for each cow, towers for connectivity, and an app that lets ranchers manage their cattle and pasture from their phone. Cattle are guided by the collar's sound and vibration cues. Ranchers can virtually fence, move, and monitor their cattle 24/7. 'Halter ranchers are more profitable and get better outcomes for the environment and their animals. Halter ranchers increase productivity through rotational grazing, increased carrying capacity, and reduced workload – while improving soil health and regenerative land management,' says Piggott. Piggott says the milestone highlights the importance of ranching in society. 'Ranchers are the backbone of rural communities. They feed society and play a key role in building sustainable food systems. Halter ranchers are pioneering a more productive and sustainable way to ranch.' 'We're delighted to partner with BOND and to welcome NewView, and we're grateful for continued support from our investors who backed us early – we're all aligned on our mission to support ranchers.' 'Cattle-based products generate over $1 trillion annually,' says Daegwon Chae, General Partner at BOND. 'Ranches feed billions of people but are constrained by traditional bottlenecks of the offline economy – labor, time, and limited automation. Halter's vision is ambitious and impactful, to build the digital operating system for farms and ranches globally, leveraging the cutting-edge of physically-enabled technology. We're thrilled to partner with them.' US expansion is a major focus for Halter following this raise. Halter supports ~150 ranchers across 18 states, with a rapidly-growing US team. The capital will help thousands more ranchers increase productivity and deepen their enjoyment of ranching, in turn driving growth in the economy. 'Over half of US ranchers and farmers are over 55, and rural labor shortages are severe,' says Piggott. 'Halter enables smaller teams to manage herds more efficiently, without constant physical presence.' Halter was named the fastest growing company in New Zealand by the Deloitte Fast50 index, and is well positioned to continue expanding to meet demand across its markets. 'I'm really proud of our team – we're passionate about supporting ranchers and we're excited about the journey ahead,' says Piggott. About Halter Founded in 2016, Halter is the world's leading technology to run a beef ranch or dairy farm. Halter has thousands of customers across New Zealand, Australia and the US, with new cattle ranches and dairy farms going live daily. Halter employs over 200 people, is headquartered in Auckland (New Zealand), with a US office in Boulder, Colorado. About BOND BOND is a global technology investment firm that supports visionary founders throughout their entire life cycle of innovation and growth. BOND's founding partners have backed industry pioneers such as Airbnb, Canva, Docusign, DoorDash, Facebook, Instacart, Peloton, Plaid, Revolut, Ring, Slack, Snap, Spotify, Square, Stripe, Twitter, Uber, and Waze.
