Leading boat rental and yacht charter marketplace Borrow A Boat has completed third crowdfunding round, raising £1,056,264
Britain’s leading boat rental and yacht charter marketplace, Borrow A Boat, www.borrowaboat.com, has today completed their third crowdfunding campaign, securing £1,056,264 in investment from 916 investors and surpassing their £750,000 target by £306,264. The boat charter marketplace has now raised over £4.8 million through Crowdfunding.
The ‘Airbnb of boats’, Borrow A Boat is part of the vanguard of companies digitising the large and maturing global charter market, set to be worth $30bn annually by 2027. One of the pioneers of peer-to-peer charter since 2017, Borrow A Boat is on a mission to make boating more accessible, affordable, flexible, and inclusive for all, to help drive participation, and make chartering a boat simpler.
CEO & founder of Borrow A Boat, Matt Ovenden, said: “We are absolutely delighted to be closing our third Crowdfunding round with an over-investment taking our total raise to £1,056,264 This third round will pave the way for future growth and acceleration, allowing us to explore a potential initial public offering for the business in 2022, a world first for a boat charter marketplace.”
”We’d like to formally thank each of our 916 investors for investing in Borrow A Boat and joining us in making boating more inclusive, affordable and accessible to all.”
Founded in 2016 and launched in 2017 by entrepreneur Matt Ovenden, Borrow A Boat has access to over 35,000 vessels in 65+ countries, and offers peer-to-peer listings as well as boat rental through traditional charter companies. On a mission to make boating more accessible, affordable, flexible, and inclusive, Borrow A Boat pioneered peer-to-peer boat charters, helping boat owners generate extra income from their vessel and reducing the high costs of boat ownership, including maintenance costs and marina fees.
For more information on Borrow A Boat, visit www.borrowaboat.com.
Notes to Editors:
Please ensure all links are to the UK Borrow A Boat website: www.borrowaboat.com
Borrow A Boat CEO, Matt Ovenden, is available for interview or comment upon request.