ShoreTrade, the Australian-based startup referring to itself as the "Amazon for fish," secured AUD8 million (€5.1 million/$6.1 million) in funding to support its expansion plans in Asia and the United States, the Australian Financial Review reported.
The seafood ordering application, founded in 2019 by Sydney entrepreneur Peter Manettas, joins more than 3,000 seafood suppliers and buyers in the region in a bid to cut out middlemen from the supply chain.
The latest funding round was led by Investible and Luxen. Singapore-based investment manager Vulpes came in as a new investor.
ShoreTrade plans to expand to China, Hong Kong, Malaysia, Singapore, New Zealand and the United States. The startup is also rolling out a new feature allowing buyers to request what they're hoping to purchase.
