Catchwise Raises €1.25M for AI-Powered Sustainable Fishing

Article hero imageImage credit: Catchwise

Catchwise secured €1.25M in pre-seed funding, with Dreamcraft Ventures leading the round. Additional participation came from Sondo, Ocean Impact, and angel investors from leading tech firms, including Oda, Enode, and Meltwater.

Founded by Ludvig A. Løddesøl, Tomas Roaldsnes, Jonas Dammen, Kristian Andersen Hole, and Åsmund Brekke after winning the FishAI: Sustainable Commercial Fishing competition in 2022, Catchwise merges advanced AI capabilities with hands-on industry expertise. Since its establishment in 2023 and operational launch in March 2024, headquarters have been based in Oslo, with temporary offices in Ålesund and operations spanning multiple Norwegian coastal cities.

Currently, daily usage includes more than 50 larger vessels. The latest investment will enhance product-market fit while accelerating the advancement of an AI-powered data platform designed for maritime operations.

Fishing vessels provide one of the most sustainable sources of animal protein while facing extreme oceanic conditions. Extended periods at sea and high fuel consumption create significant challenges. Historically, reducing fuel usage required costly hardware upgrades with only marginal efficiency gains. Catchwise introduces an alternative approach.

By integrating SAT-AIS (satellite ship tracking) data, two decades of fisheries data, and extensive oceanic measurements, including temperature and salinity, the platform delivers actionable insights for fishing captains. The solution offers real-time visualization, predictive analytics, and operational automation, enabling vessels to locate fish faster and potentially cut fuel consumption by up to 50%.

"Before Catchwise, I spent a lot of time jumping between different data sources; now I have everything in one place." — Jón Poulsen, First Mate, Ishavet (Bluewild)

"The predictions were accurate when we arrived at the fishing grounds and even indicated the expected catch." — Ove Brennskag, Captain, Gadus Njord (Lerøy Havfisk)

"The Catchwise team combines exceptional industry knowledge with deep expertise in data and AI. They’re addressing some of the most critical challenges in commercial fishing and have already demonstrated increased catch efficiency, reduced costs, and significantly lower environmental impact." — Daniel Mariussen, Dreamcraft Ventures

"Catchwise is exactly the kind of team we love partnering with. Their ambition to transform the entire fishing industry by making it fully data-driven and sustainable aligns perfectly with our mission." — Henrik Hatlebrekke, Sondo

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