The UK’s leading boat rental and yacht charter marketplace, Boat A Boat, has closed its most successful crowdfunding round to date, raising £ 3,017,030 from 670 investors.
This increase brings the total lifetime crowdfunding of the business to over মোট 7.8 million.
Founded in 2017, Borrow A Boat has access to more than 45,000 boat rentals and yacht charters in more than 65 countries, including the UK, the Mediterranean, the Caribbean, North America and Southeast Asia.
This growth follows growth and accelerating revenue in 2022, expanding to several new countries and three acquisitions of competing Helm, Barco and Beds on Board in the last 12 months. The business is currently planning a boat charter marketplace – the first in the world in an IPO.
Matt Owenden, CEO and founder of Borough A Boat, said: “In 2017, when the Borough 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 the upcoming market revolution sees an opportunity for both boat owners and customers.
“Despite launching this round in the context of rising interest rates, inflation and the risk of a recession, we have now successfully completed our largest increase, bringing our lifetime crowdfunding to a total of 7.8 million.
“The huge success of this crowdfund, 402% of the target, is a clear recognition of our growth and progress towards making boating accessible to all. It shows support from investors for our plan to expand the marketplace internationally.
“We will continue to innovate and disrupt in the future – to make boating more accessible, affordable, flexible and inclusive for everyone, to help drive participation and to make it easier to rent a boat wherever you are in the world.”