Catchwise, an Oslo-based startup developing AI-powered solutions for the fishing industry, has secured €1.25 million in a pre-seed round led by Dreamcraft Ventures, with participation from Sondo, Ocean Impact, and angel investors from Oda, Enode, and Meltwater. The company integrates satellite tracking, historical fishery data, and ocean metrics to help vessels optimize routes and reduce fuel consumption. Founded in 2023 by a team with backgrounds in AI and commercial fishing, Catchwise plans to use the funding to refine its technology and expand adoption across various fisheries.
Catchwise was founded by Ludvig A. Løddesøl, Tomas Roaldsnes, Jonas Dammen, Kristian Andersen Hole, and Åsmund Brekke bringing together AI expertise and experience from the commercial fishing industry. This happened after they won the FishAI: Sustainable Commercial Fishing competition in 2022. With the fresh funding, the company is now ensuring product market fit across various fisheries and the development of its operational-at-sea AI solution.
“This funding milestone is a key enabler for us to lean in and give the fishing industry the modern software they deserve, as well as a nod from the international investment community that there is significant value to be created here,” said Ludvig Løddesøl, CFO and co-founder of Catchwise.
Fishing vessels provide the world with some of the greenest animal protein available while navigating vast and often dangerous oceans. These vessels can spend weeks or months at sea—burning thousands of liters of fuel daily— to fill their sustainably set quotas that protect our shared ocean resources. Traditionally, reducing fuel consumption meant investing in new gear or vessels to achieve incremental improvements. Catchwise aims to break that mold.
By integrating SAT-AIS (satellite ship tracking) data, 20 years of fishery records, and comprehensive ocean metrics—such as temperature, salinity levels, and much more—Catchwise delivers actionable insights that empower fishing captains to optimize their operations. Its platform consolidates real-time visualizations, predictive analytics, and operations automations into one seamless solution. While the platform is still evolving, its promise to significantly reduce search time—and eventually cut fuel consumption by up to 50%—is already generating excitement in the industry.
“The Catchwise team brings unparalleled expertise and innovation to solving the commercial fishing industry’s most pressing challenges. By harnessing AI and data-driven technology, they are transforming fishing practices for a more efficient, cost-effective, and sustainable future. Their cutting-edge solution is already delivering increased catch efficiency, reduced operational costs, and a lower carbon footprint—ushering in a new era for the industry.” – Daniel Mariussen, Dreamcraft Ventures.
“Catchwise is exactly the type of team that we love to partner with! They combine a deep understanding of data and AI with customer obsession, and they’re not aiming to incrementally improve anything — they’re aiming to change the fishing industry entirely; making it truly data driven and more sustainable!” – Henrik Hatlebrekke, Sondo.
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Read the orginal article: https://arcticstartup.com/catchwise-raises-e1-25m-pre-seed/
