Borrow A Boat raises 402% on crowdfunding target

The total for the business lifetime crowdfunding is 7.8 million.

Borrow A Boat has access to over 45,000 boat rentals and yacht charters in 65 countries including the UK, the Mediterranean, the Caribbean, North America and South East Asia, which was founded in 2017 by Borrow A Boat.

The increase follows a growth and revenues expansion in 2022, expansion into several new countries and three acquisitions of competitors Helm, Barqo and Beds on Board in the last 12 months. Matt Ovenden, CEO Founder of Borrow A Boat said that the yacht charter industry was stagnant in 2017 when Borrow A Boat was launched.

We always believed that boat rental should be as easy as booking a hotel, flight or train, so we could see the opportunity the coming marketplace revolution gave to both boat owners and customers.

Despite increasing interest rates, inflation and the risk of recession, we have successfully completed our biggest ever raise, bringing our lifetime crowdfunding total to 7.8 million.

The crowdfund, 402% over target, is a recognition of our growth and progress towards our goal of making boating accessible for all. It shows the support of investors for our plans to grow the marketplace internationally.

We will continue to innovate and disrupt our mission to make boating more accessible, affordable, flexible and inclusive for everyone, to make boating easier and to make it simpler for everyone, wherever you are in the world.