Several investment firms, including Adrigo Asset Management, have invested in Stockholm-based app Fishbrain. The firm has provided the company with funding to develop the app.
Adrigo Asset Management invests in fishbrain
Earlier this year, a Swedish asset management firm, Adrigo Asset Management, announced that it had invested $31 million in Fishbrain, a social networking site that connects fishermen. The company enables users to find the best fishing locations and provides information on tides and weather conditions. The app is also helpful for those who are new to fishing. It provides a one-stop solution to all fishing questions and offers bait recommendations, forecasts and marine mapping.
Fishbrain’s main goal is to improve the fishing industry and help its users. The app also aims to educate people about fishing and help them improve their technique. In addition to the app, Fishbrain offers a website with over 350 fishing brands. Moreover, it features marine mapping and fish species recognition. It also supports catch and release and the sustainable harvest of fish.
The funding round for Fishbrain drew interest from several investors, including B Capital Group and Softbank Ventures Asia. The company has also secured funding from family offices and institutional investors. The new funding will expand the company’s outreach in Sweden and Norway while also boosting the sales and marketing departments. The funding will also be used to hire employees in different locations, including the U.S. The new Chief Financial Officer, Stina Granberg, joined Fishbrain’s board.
Fishbrain’s app was launched at $2000 and currently has 12 million users. It has also been named the hottest startup in Europe by WIRED twice. Its main focus is on enhancing fishing techniques, emphasizing catch and release. The app also integrates fishing innovation trends into its app. It has also been featured on the PitchBook platform.
Adrigo Asset Management has invested $31 million in Fishbrain, part of a High-Potential building block that invests in startups and small companies with clear goals. The company targets good returns at a lower risk than the Nordic equity markets. In addition to investing in startups, the firm also invests in leading healthcare and financing companies. The Swedish Financial Supervisory Authority supervises it.
Adrigo Asset Management’s investment in Fishbrain is one of three building blocks in the High-Potential building block. The other two building blocks are East Capital Asset Management S.A., which merged with Gladiator, and the new company, Adrigo Small & Midcap L/S, which merged with Gladiator. In addition to being part of the High-Potential building block, the Adrigo Small & Midcap L/S portfolio has returned an annualized 26% since late 2017.
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The company raised funding.
Earlier this year, Fishbrain, a Swedish sport fishing app, received a large round of funding. The company announced it had secured $31 million in global funding from investors. The funding was announced from several investors, including B Capital Group, SoftBank Ventures Asia, Industrifonden, Northzone, and Adrigo Asset Management. The round of funding will allow the company to expand their user base and strengthen its sales and marketing teams. The funding will also allow the company to expand its presence in Sweden and Norway.
The funding will also help the company strengthen its engineering and product teams. In addition, the company will be able to hire more employees in Sweden, Europe, and the U.S. The new employees will include new engineers, product managers, and marketing staff. Fishbrain has approximately 150 employees around the world. It has also acquired a new Chief Financial Officer, Stina Granberg.
The company is currently working to build a digital platform to help sport fishing enthusiasts and novices. The company provides users access to marine maps, tide patterns, and other data to help them make better decisions about fishing. Its goal is to help fishing become more accessible and enjoyable globally. The app is free to download from the App Store or Google Play.
The app is powered by a machine learning model that combines data from various sources, including weather, tide patterns, and tides. Users then feed their data into the machine learning model, which forecasts when to catch a certain species. The company has also partnered with C-Map to provide depth maps.
The company is working on expanding its user base throughout Europe and Norway. They have also made new hires to strengthen the company’s senior team. They hired Stina Granberg, their new Chief Financial Officer, and Maria Hedengren, their new head of product. They also acquired new investors, including family offices and institutional investors. SoftBank Ventures Korea now leads the company.
The company has also acquired a new partner, Adrigo Asset Management. This Swedish asset management company provides fishermen with an app to track tidal conditions and weather. The company has also invested in Fishbrain. This investment will help the company further develop its platform and expand its user base.
The company is currently working to build its platform into a global fishing network that provides the best fishing information to its users. Fishbrain is working to create a digital marketplace for fishing gear and accessories. They also work with the U.S. Fish and Wildlife Service and the Florida Wildlife Commission. Fishbrain has also partnered with Aspira, a fishing equipment company, to integrate their products into the app. This investment will allow Fishbrain to increase its user base and reach new audiences. The company has a production hub in Stockholm, Sweden, and is looking to expand to Norway and Sweden.
Key features of the app
Using the Fishbrain app, you can find and locate the perfect fishing spot. You can also access information on fish species, lakes, and bait. You can set up private groups to share information and connect with other users. The app has been downloaded by over 12 million people and has over 150 employees worldwide. It is available for Android and iOS devices. Fishbrain also offers a store where you can buy fishing gear.
In addition, Fishbrain has launched a new feature called Navionics, which will provide the app with cutting-edge cartographic intelligence. This technology will improve angler visibility by enhancing the mapping of the waterbed. You can access depth contour labels, map options, and spot prediction. The map display is powered by Mapbox, which has integrated the bathymetry technology of Garmin-owned brand Navionics. You can access this feature by tapping on the layers icon in the upper right corner of the app.
Fishbrain will hire employees in Europe and the USA as part of the funding. The funding will also be used to scale the company’s user base. This will help Fishbrain to develop its product and marketing efforts further. The company is also looking to expand throughout Europe and Asia.
Fishbrain is also looking to expand its community and social networking capabilities. It will add more features to its app to facilitate this. The company also plans to add features for users new to fishing. They will have access to a community of fishermen. They can join groups and make friends. They will also have access to fish reviews.
The company also aims to make fishing more sustainable. The app will help users track endangered species and the fish population in lakes. It will also provide users with bait recommendations and weather forecasts. You will also be able to upload photos of your catch. It will also help you find the best fishing season.
The company also works with renowned entrepreneurs to develop new and improved fishing innovations. It has already received funding from Norwegian and Swedish institutional investors and is now receiving funding from B Capital Group. In addition, it has also been awarded funding from Northzone and Industrifonden.
Fishbrain is the world’s leading sport fishing app. It is available on the Apple App Store and the Google Play Store. You can download the app for free and use it to find the best fishing spots. You can also use it to check the tides and find out about the weather conditions. You can find out which baits work best at what time. The app can also help you locate dense fishing areas near you.
Conclusion
Johan Attby and Jens Persson founded Fishbrain in 2010. It is a social networking site that provides information about fishing. It has a database of over 13 million fishing spots. You can pin a location and save it in the database. You can also create your groups on the Fishbrain app. These groups are categorized based on your interests. You can also view other groups and join them.
