Boatsetter Secures $13 Million Series A Funding Round

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Dec 13, 2016, 07:45 ET

MIAMI, Dec. 13, 2016 /PRNewswire/ -- Florida- Leading online boat rental marketplace Boatsetter announced today that it has completed $13 million of Series A funding which will help the company aggressively expand its sales and marketing efforts as well as broaden and accelerate its operations in the United States. The investment round includes participation from existing and new investors, including well-respected venture capital investors such as Great Oaks Venture Capital, Stanford University DAPER Fund, ZG Ventures and Peninsula Ventures, as well as high impact angel investors. Based in the boating capital of the world, Boatsetter is blazing a trail in the marine industry by giving users access to the largest network of licensed captains and a global roster of boat rentals for cruising, fishing, sailing and more.

"We have witnessed Boatsetter's formidable presence and growth in the boat sharing sector. We're thrilled that its team of marine industry heavyweights and tech startup veterans is making a global push for renters to experience the yacht life, this time from just about anywhere in the world," says Andy Boszhardt Jr., Partner at Great Oaks Venture Capital. "Boatsetter's best-in-class marketplace tool is, without doubt, an outstanding player in the sharing economy."

As a leading peer-to-peer boating marketplace, Boatsetter makes a previously complicated, unattainable boat rental experience, as seamless as booking a room on Airbnb. Through its easy-to-use platform, users can go on boating adventures nearly anywhere in the world, from the coastal waters of California to New York harbor, and from Spain to Brazil. Boatsetter is expected to host 10,000 high quality rental boats, activate 200 marinas and connect boating enthusiasts to 2,000 captains in 2017.

"We've taken boating from being a rare pastime for a fortunate few boat owners to being a universally accessible lifestyle activity for anyone with a smartphone and a credit card," says Jaclyn Baumgarten, Co-founder and Chief Executive Officer at Boatsetter. "Now everyone who ever dreamed of spending time on a yacht, or out fishing, or sailing, or wakeboarding can finally do those things whenever they want, all throughout the US, the Caribbean, and the Mediterranean. With our additional captain and local-guide services, even people with no boating experience at all can realize their on-the-water dreams, safe in the hands of our certified professionals around the globe."

About Boatsetter
Boatsetter is the leading boat sharing platform that offers a worldwide fleet to choose from, connecting boat owners and licensed captains to renters so they can set sail on an adventure, regardless of boating experience. Founded by industry veterans, the company also provides 24/7 customer service support and offers best-in-class insurance coverage, both in the U.S. and internationally, for renters, boat owners, and captains.

SOURCE Boatsetter