Connect with us

Hi, what are you looking for?

Editor’s Pick

Borrow A Boat, the ‘Airbnb’ of boats, smashes crowdfund, raising over £3million

Borrow A Boat, the UK’s leading boat rental and yacht charter marketplace, has today closed their most successful crowdfunding round to date, raising £3,017,030 from 670 investors.

The raise brings the business’ lifetime crowdfunding total to over £7.8 million.

Founded in 2017, Borrow A Boat has access to over 45,000 boat rentals and yacht charters in 65+ countries including the UK, the Mediterranean, the Caribbean, North America, and South East Asia.

The raise follows accelerating growth and revenues in 2022, expansion into several new countries and three acquisitions in the last 12 months of competitors Helm, Barqo and Beds on Board. The business is currently planning a world first for a boat charter marketplace – to IPO.

Matt Ovenden, CEO & Founder of Borrow A Boat says: “In 2017, when Borrow A Boat was launched, the yacht charter industry was stagnant.

“We have always believed that boat rental should be as easy as booking a hotel, flight or train, so could see the opportunity the coming marketplace revolution afforded both boat owners and customers.

“Despite launching this round amidst the backdrop of increasing interest rates, inflation and the risk of recession, we have now successfully completed our biggest ever raise, bringing our lifetime crowdfunding total to £7.8 million.

“The huge success of this crowdfund, 402% over target, is clear recognition of our growth and progress towards our objective of making boating accessible for all. It shows the support, from investors, for our plans to grow the marketplace internationally.

“Going forward we will continue to innovate and disrupt – true to our mission to make boating more accessible, affordable, flexible and inclusive for all, to help drive participation, and make chartering a boat simpler, wherever you are in the world.”

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.