Captain Fresh, a Bengaluru-centered B2B marketplace for animal protein, has successfully raised $13.25 million in an extended series C funding round. As per regulatory filings obtained from the Registrar of Companies, the company's board approved a special resolution to issue 1,102 Series C6 compulsory convertible preference shares at a price of Rs 9,98,399 per share, in return for Rs 110 crore ($13.25 million).

Andhra Pradesh-based seafood exporter Nekkanti Sea Foods spearheaded the funding drive by injecting Rs 50 crore ($6 million), while Shakti Finvest Pvt Ltd followed suit with a Rs 30 crore investment. Ravi Shankar Pemmasani and Shibu Mathai contributed the remaining sums of Rs 27.46 crore and Rs 2.50 crore, respectively. This funding constitutes part of an ongoing investment phase, hinting at the potential for further financial support.

With the recent infusion of fresh capital at a matching premium, Captain Fresh's current valuation stands at approximately Rs 3,970 crore. The company has amassed a total of around $150 million in funding so far, including a $20 million investment received during its Series C round in September 2023. Functioning as a farm-to-retail platform specializing in animal protein such as fish, seafood, and sheep, Captain Fresh directly sources its products from agents or farmers and distributes them through various channels including B2B, B2R, and B2B2C. Beyond its operations in India, the company maintains a presence in the US, Dubai, and Madrid.