Vence
Latest round
- Series A
Last raised
- Feb 2022
Total raised
- $20M
Investors
- 8
About Vence
Vence Corp.Founded in 2016, Vence Corp. is headquartered in San Diego, US, focusing on developing advanced livestock management systems.60 mn.Merck Animal Health, through its innovative product line, primarily offers a virtual fencing livestock management system known as Vence, designed specifically for cattle. This system allows ranchers to control cattle movement, manage grazing, and create virtual fences that dictate grazing behavior while also monitoring animal location and movement. The core functionality includes placing base stations that cover significant ranch areas (5,000-10,000 acres), fitting cattle with GPS-enabled collars that track their positions, and utilizing a HerdManager system to easily set and adjust grazing boundaries. The end users of this technology include cattle ranchers and livestock management professionals who seek to enhance production efficiency, improve land health, and maintain environmental sustainability.Merck Animal Health generates revenue through the sale of its flagship product, the Vence system, which operates on a direct-to-consumer model targeting cattle ranchers and livestock managers. Customers typically engage with the company by purchasing the complete virtual fencing system, which includes base stations and CattleRider collars, along with potential ongoing support and service agreements. The transaction structure encompasses both upfront costs for equipment and possibly recurring fees for software services related to the HerdManager system.Vence Corp. The company aims to expand its market presence in North America and other agricultural regions by 2024, focusing on increasing adoption among cattle ranchers. This strategic growth is aligned with their objective of promoting efficient and sustainable livestock management practices.
Who invested in Vence
8 investors across 2 rounds
See all investors in Vence
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Vence
Who invested in Vence?
Vence has 8 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Vence raised?
Vence has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Vence last raise money?
Vence's most recent round on record is a Series A, in Feb 2022.
What does Vence do?
Vence is a agribusiness company.
Where is Vence headquartered?
Vence is headquartered in San Diego, US.
Which VCs invest in companies like Vence?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back agribusiness companies at Vence's stage. Their profiles are linked below.
VCs backing agribusiness startups at Series A
Raising like Vence? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.