Borrow A Boat Raises £1,056,264
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, 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 from the CrowdCube community 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.
Notes to Editors:
Borrow A Boat CEO, Matt Ovenden, is available for interview or comment upon request.
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Olivia Hazelden-Kingdon | Elsa Findlay | Jo Kendall
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About Borrow A Boat:
Launched by boating enthusiasts in 2017, Borrow A Boat is on a mission to make boating more accessible, affordable, flexible, and inclusive for all through both traditional yacht charter companies and peer-to-peer yacht charter. Peer-to-peer charter enabling boat owners to offset the high costs of boat ownership by reducing maintenance costs and marina fees, whilst offering consumers more affordable and flexible boating experiences.
With over 35,000 boat rentals and yacht charters available in 65+ countries including the UK, the Mediterranean, the Caribbean, North America, and South East Asia, Borrow A Boat is the leading yacht charter platform.
Borrow A Boat facilitates boat rental from just £40 per day, sailing yachts from £1,000 per week and luxury motorboats and superyachts, under Borrow A Boat Plus, from approximately £10,000 per week.
Boats of all types are available for rental, including sailboats, motorboats, riverboats, RIBs, catamarans, gulets, superyachts and luxury yacht charters. Customers can choose a boat with or without a skipper, depending on their sailing experience.
All boats meet the stringent safety and insurance codes, standards, and regulations for yacht chartering in their respective locations.
For more information, or to make a booking, visit the website www.borrowaboat.com.