LOS ANGELES, CA - April 26, 2019. MONSTERBASS, www.monsterbass.com, announced today that the company has completed a $1 million dollar seed round, with a company option of an additional $1 million follow-on round, to launch a new online service aimed at catching the nearly 20 million Americans who participate in recreational bass fishing each year. The company is set to launch on May 1, 2019.
The investment group leading the round also named Rick Patri, the co-founder and former Chief Operating Officer of Lucky Tackle Box, as it’s new President & CEO. Reporting directly to the investment group and it’s Board of Directors, Patri will immediately be tasked with developing the brand and infrastructure to support its US growth efforts.
“I’m really excited to be supported by an investment team that is committed to the long term success of this company. Their understanding of the market and willingness to invest is a clear signal that they intend to be in the recreational bass fishing market for the long-term, said Rick Patri, President & CEO of MONSTERBASS. “The market conditions couldn’t be better for a company like ours to enter and make a significant impact.”