Boatsetter, an Aventura, Fla.-based online boat rental community, raised an additional $4.75m in Series A funding.
Backers included Nordic Eye Venture Capital and The Venture City. This raise adds to the $13m close the company announced in December 2016.
Boatsetter also acquired Boatbound, a fellow boat sharing marketplace in a move that aims to further solidify its position in the $50 billion peer-to-peer boat rental space. With the addition of Boatbound’s community of boat owners, the Boatsetter platform now is on pace to surpass 10,000 boat rentals by the end of the year in +300 destinations.
The company plans to begin to broaden and accelerate its operations in the United States and prepare for international expansion in 2018, focusing first on the Caribbean and Mediterranean.
Led by Jaclyn Baumgarten, Co-Founder and Chief Executive Officer, Boatsetter offers a worldwide fleet of boats for boaters of every level of expertise and area of interest. The company also provides real time customer service support and insurance coverage, both in the U.S. and internationally, for renters, boat owners, and captains.