Captain Fresh Receives $20 Million in Series C Funding

Captain Fresh, a B2B fish and seafood startup, announced a $20 million Series C round led by Japan-based SBI Investment and Evolvence Capital. Existing investors such as Accel, Matrix Partners India, Prosus Ventures, and Tiger Global also took part in the round, according to the company. The new funding will be used to fuel the startup's global ambitions, with plans to expand in Europe and the United States. Captain Fresh claims to have already begun talks with potential partners in these markets. Captain Fresh's financial advisor in this transaction was Elluminate Capital.

Captain Fresh has appointed Basola Valles as CEO Europe to accelerate its expansion efforts in the European market. "We will bring Captain Fresh's improved and still improving tech-enabled sourcing capabilities to Europe, offering a multi-species, multi-origin distribution approach." We intend to shorten turnaround times, invest in product innovation, and meet transparency and traceability requirements." Valles stated.

Captain Fresh claims that the Indian Ocean Region provides 90% of its supply, with India accounting for the remaining 10%. In terms of demand, Europe, the United States, and India each contribute roughly equal shares, with South East Asia providing additional demand.