What is BAIT?
Aylesworth's FISH & BAIT, INC., operating under the BAIT brand, is a comprehensive distributor of fishing bait, established in 2011. The company offers both saltwater and freshwater bait lines, catering to recreational and commercial fishing sectors from its base in St. Petersburg, Florida. BAIT specializes in a variety of products including frozen natural baits, rigged specialty baits, value-added bait products, and proprietary chum and fish attractant formulas. Their offerings are distinguished by quality, innovative packaging under the BAITMASTERS logo, and a commitment to exceptional customer service. Products are clearly marked, UPC coded, and often certified "Fresh From Florida," with master packaging designed for heavy-duty display and convenience. Customers range from local bait and tackle shops to large retail chains, charter boats, and commercial fishing operations.
How much funding has BAIT raised?
BAIT has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in BAIT
PPP
Public-Private Partnership
What's next for BAIT?
The company's recent large-scale late-stage funding indicates a strategic pivot towards significant expansion or market consolidation. This capital infusion is likely earmarked for scaling operations, enhancing distribution networks, or potentially developing new product lines to further solidify its market leadership. The strategic investment suggests confidence from backers in BAIT's established business model and its potential for continued growth within the competitive fishing supplies industry.
See full BAIT company page
