Catchwise
AI-powered data platform optimizing commercial fishing operations.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | €1.3m | Seed | |
| Total Funding | 000k | ||
| NOK | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 784 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | 37 % | (136 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Catchwise is an Oslo-based technology company that provides a data-driven platform to enhance operational efficiency for the commercial fishing industry. Founded in 2023 by Ludvig A. Løddesøl, Tomas Roaldsnes, Jonas Dammen, Kristian Andersen Hole, and Åsmund Brekke, the company originated from their victory in the 2022 'FishAI: Sustainable Commercial Fishing' competition. The founding team combines experience from the commercial fishing sector with technical expertise in AI and software engineering from companies like Schibsted, Norges Bank, and McKinsey.
The company's core product is a software platform that integrates multiple data sources to provide actionable insights for fishing captains. It combines over 20 years of historical fishery records, satellite ship tracking data (SAT-AIS), and extensive ocean metrics such as water temperature and salinity. This data is processed through AI algorithms to deliver real-time visualizations and predictive analytics, helping crews to reduce search time for fish, optimize routes, and consequently lower fuel consumption and operational costs. Catchwise reports that its technology can potentially cut fuel use by up to 50%. The business model is B2B, serving paying commercial fishing vessels as clients. As of March 2024, the platform was used daily by over 50 vessels.
Catchwise secured €1.25 million in a pre-seed funding round in March 2025, led by Dreamcraft Ventures with participation from Sondo, Ocean Impact, and angel investors. This capital is intended to refine the AI technology, ensure product-market fit across different fisheries, and support expansion. The company operates from its headquarters in Oslo, with a presence in other Norwegian coastal cities to maintain close collaboration with its customers.
Keywords: commercial fishing, fisheries optimization, AI, maritime analytics, fuel efficiency, route optimization, predictive analytics, ocean data, sustainable fishing, SAT-AIS data, vessel tracking, catch data analysis, marine technology, operational efficiency, carbon emissions reduction, data-driven fishing, fisheries management, Oslo, Norway