Borrow A Boat Buys Peer-To-Peer Platform Beds On Board Offering ‘Another Way to Stay’
Acquisition introduces an additional 5,000+ boats to Borrow A Boat, bringing unprecedented flexibility to the boating world.
(L-R: Matt Ovenden, CEO & founder of Borrow A Boat and Jason Ludlow, co-founder of Beds on Board)
Britain’s leading boat hire and yacht charter marketplace, Borrow A Boat, has acquired Beds on Board, the sharing economy platform that connects guests and owners for static charters (non-sailing boat hire).
The acquisition, part of Borrow A Boat’s continued growth, brings over 5,000 additional boats and more than 30,000 users to the leading boat hire marketplace and reinforces the business’s position as the largest boat charter marketplace in the UK, whilst bringing unprecedented flexibility and inclusivity to the boating world.
Borrow A Boat will also be inviting Beds on Board boat owners to list on Borrow A Boat, allowing them to offer both static and standard charters.
Launched in 2015, Beds on Board is a peer-to-peer platform connecting boat owners and accommodation seekers wanting ‘another way to stay’. This allows boat owners to monetise their otherwise vacant boat, helping to offset the costs of ownership whilst offering customers competitively priced accommodation. And, unlike traditional chartering, there is no licencing required with static charters.
Borrow A Boat, the largest boat charter marketplace worldwide, now has access to over 45,000 boats in 65+ countries. Founded in 2016, the company has grown rapidly since formation, and has raised over £4.8 million in capital from a mixture of crowdfunding, private investors, and venture capital investors. Borrow A Boat is now planning a potential IPO in 2022, which will be a world first for a boat charter marketplace.
CEO & founder of Borrow A Boat, Matt Ovenden, says: “The acquisition of Beds on Board is a huge milestone for us. There are a number of synergies between the two businesses – both having been founded with the goal of making boating more accessible, affordable, flexible and inclusive for all.
“Opening up otherwise vacant boats for static charters satisfies the pent-up demand for city-breaks and staycations, while offering customers a more unique and memorable experience than traditional overnight accommodation options.
“This is just the first of many exciting announcements this year, and we’re looking forward to revealing more milestones later in the year.”
For more information on Borrow A Boat, visit www.borrowaboat.com.
For more information on Beds on Board, visit www.bedsonboard.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.
For further press information, please contact:
Rosie Crass | Olivia Hazelden-Kingdon | Elsa Findlay
T: +44 (0) 20 3440 8930
E: [email protected]
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 45,000 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 marketplace.
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.