GetMyBoat, a San Francisco, CA-based boat rental and water experience marketplace, secured up to $10M in funding.
The round was led by Yanmar with participation from other investors.
Yanmar is a privately held, multibillion dollar multinational company headquartered in Osaka, Japan. Its investment includes a strategic partnership between GetMyBoat and Yanmar Group company Yanmar Marine International, a provider of marine engines.
As part of the strategic partnership between GetMyBoat and Yanmar, Ms. Shiori Nagata, President Yanmar Marine International, will join the Board of Directors of GetMyBoat.
The company intends to use the funds to further strengthen its leadership position in the United States, accelerate growth in both Europe and Asia, as well as grow both the platform and product.
Launched in 2013 CEO Sascha Mornell, GetMyBoat is a boat and watercraft rental marketplace with over 108,000 listings in 184 countries and over 9,300 locations.