Fishbrain, a Stockholm-based sport fishing app, social network, and digital marketplace with ~12M users, raises $31M from Consensus, Adrigo Asset, and SoftBank — Fishbrain, a Stockholm, Sweden-based sport fishing app, social network, and digital marketplace, raised $31M in funding.
An investment of $31 million has been raised by Fishbrain
An app for sport fishing, a social network for fishing enthusiasts, and a digital marketplace, Fishbrain, based in Stockholm, Sweden, raised $31 million in funding from investors.
Among the company’s investors were Consensus Smbolagsfond and Adrigo Asset Management, as well as all the major existing investors, including B Capital Group and SoftBank Ventures Asia.
Using the funding, the company will be able to continue to scale its user base, strengthen its position in Sweden and Norway, and hire more engineers, product managers, marketing and sales staff from its HQ and product hub in Stockholm as well as from its US and European offices.
As a mobile app, social network, and social commerce platform for fishing, Fishbrain is led by Johan Attby, the CEO and co-founder of the company. The app has almost 12 million registered users worldwide, and it helps create the best possible fishing experience by providing everyone – no matter whether they are beginners or professionals – with the tools, insights, support, and fishing gear they need to enjoy fishing to the fullest. With its interactive map, the app makes it easy for anglers to find hot new fishing spots and to see what other people are catching, with what bait and specifically where they are catching them. There is no better place to find and buy the best fishing gear than via Fishbrain’s in-app and online marketplace, Fishbrain Shop, where users can shop from over 300 of the world’s most reputable brands for the best fishing equipment. Besides the Fish Species Recognition, the application also provides marine mapping (provided by C-MAP), forecasts, bait recommendations, and a whole lot more.