Captain Fresh, a prominent business-to-business harvest-to-retail marketplace specializing in animal protein, is currently in discussions with investors to secure fresh funding of up to $50 million, as per sources familiar with the matter.
Securing Investment Partnerships
According to insiders, the startup is in the advanced stages of negotiations to secure this capital infusion from a consortium of investors, including Nekkanti Sea Foods, SBI Investment, Evolvence, Tiger Global, and Prosus Ventures. However, due to the confidential nature of the discussions, the sources requested anonymity.
Targeting the Seafood Market
Captain Fresh focuses primarily on the seafood sector, offering a platform that facilitates the sale of fresh catch and livestock from fishermen and farmers to various businesses. The company has established numerous collection centers across multiple countries, streamlining the process of procurement and distribution to cater to the needs of thousands of businesses situated in coastal regions.
Growth Trajectory and Funding History
Prior to this anticipated funding round, Captain Fresh had already raised over $100 million in investment. In its previous funding round, initiated in March 2022, the startup had secured a valuation of $500 million. Subsequently, the company extended this round to accommodate additional funding, raising approximately $15 million.
While Captain Fresh has refrained from providing comments on the ongoing discussions, the potential injection of $50 million in fresh funding underscores the company’s ambitions for expansion and innovation within the animal protein marketplace.
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