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120%

Despite centuries of fishing, anglers struggle to tell when fish will bite. WeFish is a platform to help anglers catch the dream fish by combining its analytic technology with a social network. With 240k+ registered users and already leading the Spanish market, this round will help them grow in the EU.

  • Backed by TVC, same investor as Cabify, Peoople and Tonicapp
  • 240,000 registered users & present in the EU, LATAM and the US
  • In the US alone, recreational fishing is a $115 billion market
  • Already revenue generating
Information Investors may be aware from conversations or other documents that the valuation for this round is €4.7 million, and the share price for all investors participating in the current capital raise is €0.186928. Nevertheless, to avoid the dilutive effect on the investors of the current investment round, the valuation figure reflected on Crowdcube also includes convertible loans for a total of €609,574.65 which results in a pre-money valuation of €5,309,575.00.

Idea

Our founder, Alberto, started fishing at 5. Since then, like many other fishing enthusiasts, he tried to better understand the different species he was after to get better catches. Apart from logging information into notebooks and looking for hidden patterns, he couldn’t find a better solution.

We built WeFish to help anglers catch the dream fish by providing today’s technology applied to fishing. WeFish has an insightful catch logbook to help users better understand their catches e.g. statistical algorithms that reveal hidden insights. Our fishing activity predictor, nourished with thousands of catches, helps anglers prepare their fishing trip. As we know our users' fishing habits, when they are planning a fishing trip, we recommend fishing gear that will help them improve, providing them an e-Commerce to complete the purchase. We also provide users with a premium subscription to access additional features , free delivery and discounts.

We have 230k+ users worldwide with a 60% week over week retention rate and since May we've had 11k catches uploaded monthly. Currently we are working with some of the world's top fishing brands (Yamashita, Daiwa, Shimano, Rapala, and Hart) to bring our users the best fishing tackle. We have become the best rated fishing app in the Spanish market.

This fundraise will help us concentrate on Sales & Marketing and expansion across the EU.

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