What is Fishbrain?
Founded in 2012, Fishbrain has evolved into the world's largest social network dedicated to sport fishing. The platform functions as a comprehensive mobile application that enables anglers to track diverse fish species, share real-time experiences, and connect with a global community of hobbyists. By integrating data-driven insights with social connectivity, Fishbrain has effectively digitized a traditional pastime, creating a unique value proposition that bridges the gap between recreational activity and technological utility. The company maintains a strong focus on sustainable fishing practices, encouraging users to participate in the responsible harvest and conservation of aquatic life, which has become a core pillar of its brand identity and user retention strategy.
How much funding has Fishbrain raised?
Fishbrain has raised a total of $64.6M across 6 funding rounds:
Angel/Seed
$2.4M
Series A
$8M
Private Equity
$3.7M
Series B
$13.5M
Other Financing Round
$31M
Other Financing Round
$6M
Angel/Seed (2014): $2.4M with participation from Rikard Steiber, Mathias Ackermand, ALMI, GP Bullhound, Active Venture Partners, Northzone, and Edastra Venture Capital
Series A (2015): $8M led by GP Bullhound, Active Venture Partners, Edastra Venture Capital, Recruit Strategic Partners, and Industrifonden
Private Equity (2017): $3.7M supported by Active Venture Partners, FJ Labs, Recruit Strategic Partners, Northzone, and Industrifonden
Series B (2018): $13.5M featuring B Capital Group
Other Financing Round (2021): $31M backed by Consensus Småbolagsfond, B Capital Group, SOFTBANK Korea Co., and Adrigo Asset Management
Other Financing Round (2023): $6M with participation from Industrifonden and Lucerne Capital Management
Key Investors in Fishbrain
B Capital Group
B Capital is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors.
Northzone
Northzone is a multi-stage venture capital fund built on experience spanning multiple economic and disruptive technology cycles with over $1.7 billion under management.
Industrifonden
Industrifonden is a Swedish venture capital fund that invests in unique, scalable innovations aimed at improving society through breakthrough technologies and science.
What's next for Fishbrain?
Looking ahead, Fishbrain is positioned to leverage its recent strategic financing to deepen its market penetration and enhance its feature set. As the company transitions from its initial scaling phase into a more mature enterprise-level operation, the focus will likely shift toward optimizing user engagement through advanced data analytics and expanding its footprint in international markets. The backing from a diverse group of institutional investors provides the necessary runway to explore new revenue streams, potentially including premium subscription models or integrated e-commerce solutions tailored to the specific needs of the angling community. By maintaining its commitment to sustainable growth and community-driven innovation, Fishbrain is well-equipped to maintain its leadership in the recreational technology sector.
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