Borrow A Boat smashes crowdfund, raising over £3 million

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

The increase delivers the business’ life time crowdfunding overall to around £7.8 million.

Established in 2017, Borrow A Boat has entry to more than 45,000 boat rentals and yacht charters in 65+ international locations like the Uk, the Mediterranean, the Caribbean, North America, and South East Asia.

The elevate follows accelerating advancement and revenues in 2022, growth into several new nations and three acquisitions in the past 12 months of competitors Helm, Barqo and Beds on Board. The organization is currently planning a planet initial for a boat constitution marketplace – to IPO.

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

“We have generally considered that boat rental really should be as effortless as scheduling a hotel, flight or coach, so could see the opportunity the coming marketplace revolution afforded both boat proprietors and buyers.

“Despite launching this round amidst the backdrop of rising interest prices, inflation and the risk of economic downturn, we have now successfully finished our most significant ever raise, bringing our life span crowdfunding overall to £7.8 million.

“The large good results of this crowdfund, 402% about target, is obvious recognition of our progress and progress in direction of our aim of generating boating obtainable for all. It shows the assistance, from traders, for our ideas to grow the market internationally.

“Going forward we will go on to innovate and disrupt – correct to our mission to make boating much more accessible, reasonably priced, adaptable and inclusive for all, to assistance push participation, and make chartering a boat simpler, where ever you are in the entire world.”