[Funding alert] Online Seafood Platform Captain Fresh Secures $25 Mn Funding

Nekkanti Seafoods Group and British International Investment (BII) led a $25 million fundraising round for the online seafood platform Captain Fresh.

The primary goal of the funding is to help Captain Fresh grow its business in the US and Europe. Additionally, the company planned to invest in growing its supply chain in Southeast Asia by procuring goods from nations such as Indonesia and Malaysia, as reported by ET.

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The funds were a portion of a larger $48 mn extended investment round, valued at $500 million, of which the company already secured $20 mn in September of last year.

As part of its drive to expand throughout Europe, the company recently concluded its acquisition of Senecrus located in Paris.

Through the use of cutting-edge technologies like AI, ML, IoT, data and analytics, and others, Captain Fresh provides businesses with fresh, dependable, and convenient supplies while also empowering local fishermen.

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About Captain Fresh

Captain Fresh was founded by Utham Gowda in 2019, their goal was to provide outstanding solutions to fuel the seafood supply chain. They currently serve 120+ merchants in 10 locations and collaborate with over 2500 enterprises.