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Hot Topic ACCOUNTANTS
Hot Topic ACCOUNTANTS
Tech & Innovation
6 mins to read

NZ’s agritech sector needs ‘workhorses, not unicorns’

Halter recently raised $377 million at a $3.4 billion valuation, but Michael Macolino argues venture capital is not always a good fit for agritech startups.

Michael Macolino.

© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Kiwi agritech unicorn Halter is held up as an industry success, particularly after being valued at $3.4 billion following a $377m capital raise last month led by Peter Thiel’s Founders Fund.

But the agritech sector needs to build workhorses, not unicorns, Michael Macolino told the Agritech

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Fiona Rotherham Fri, 17 Apr 2026
Contact the Writer: fiona@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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NZ’s agritech sector needs ‘workhorses, not unicorns’
Tech & Innovation,
113746
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