Captain Fresh, a B2B seafood startup, has announced the successful completion of an extended Series C funding round, raising $20 million in investment. The funding round was led by SBI Investments and Evolvence Capital, with participation from prominent investors such as Tiger Global, Accel Partners, Matrix Partners India, and Prosus Ventures.
The new capital infusion will play a crucial role in Captain Fresh's expansion plans, focusing on strengthening its presence in both the US and European markets. The company aims to leverage the funding to enhance its seafood supply chain operations, improve technology infrastructure, and scale its customer base.
This recent funding round builds upon Captain Fresh's previous success in securing $50 million in March last year. At that time, the company was preparing to expand its operations into the African and Middle Eastern markets. The latest investment underscores the startup's rapid growth and promising prospects in the B2B seafood industry.
Captain Fresh operates as an online marketplace that connects seafood suppliers with restaurants, hotels, and retailers, streamlining the procurement process and ensuring the delivery of high-quality seafood products. The platform leverages technology and data analytics to optimize the seafood supply chain, providing transparency and efficiency to both suppliers and buyers.
The company's innovative approach has garnered significant attention and investment interest, allowing Captain Fresh to solidify its position as a leading player in the B2B seafood sector. With the additional funding, the startup aims to accelerate its global expansion efforts and further enhance its capabilities to meet the growing demand for high-quality seafood products worldwide.
Captain Fresh's commitment to sustainability and responsible sourcing has also contributed to its success in the seafood industry. As consumers increasingly prioritize ethical and eco-friendly choices, the startup's focus on transparency and environmentally responsible practices aligns with emerging market trends.
The seafood industry represents a vast opportunity for growth, and Captain Fresh is well-positioned to capitalize on this potential. With the support of its latest funding round, the company aims to continue its mission of revolutionizing the seafood supply chain and providing customers with access to the finest seafood products available.
Captain Fresh's recent $20 million investment in its extended Series C round marks a significant milestone for the B2B seafood startup, positioning it for continued expansion and innovation in the global seafood industry.
