What is BAIT?
Founded in 2011 and based in St. Petersburg, Florida, BAIT (Aylesworth's FISH & BAIT, INC.) operates as a full-service fishing bait distributor. The company offers both saltwater and freshwater bait lines, catering to recreational and commercial fishing communities. Their product specialization includes frozen natural baits, rigged specialty baits, value-added bait products, chums, and fish attractants, distinguished by quality and innovative packaging under the BAITMASTERS logo. Customers range from local bait and tackle retailers to charter boats, animal care facilities, convenience stores, big box retailers, grocery stores, and commercial fishing operations. The company is also EDI capable, facilitating streamlined business transactions.
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?
With a history of securing substantial capital, BAIT is positioned for strategic growth. The recent major strategic investment suggests a focus on scaling operations, potentially expanding its distribution network, or enhancing its product development pipeline. The company's established customer base and diverse product offerings provide a solid foundation for leveraging this new financing to further solidify its market position and explore new opportunities within the fishing and bait industry.
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