Snag-A-Slip, a Baltimore, MD-based online boat slip reservation company, closed a $4.8M Series A financing.
The round was led by Claritas Capital with participation from TCP Venture Capital, through the Propel Baltimore Fund, Jerry South, Founder and Chairman of Towne Park and the Abell Foundation.
The company intends to use the funds to expand sales and marketing efforts, develop new product features and broaden operations.
Launched in 2015 by Dan Cowens, Snag-A-Slip connects boaters with available slips, while also showcasing marinas via digital channels. The website and App Store and Google Play apps allow boaters to explore marinas by region, city or marina name and then search for slip availability based on travel dates, length, beam, draw and power requirements. Boaters can pick their preferred marina based on amenities, location and availability and book with any credit card. There are no booking fees associated with the service, which is now available from Canada through the Caribbean.
Snag-A-Slip’s network includes more than 500 marinas from Canada to the Caribbean. Its sister company, Oasis Marinas, offers services from consulting to full marina management, leveraging a well-trained local workforce with customer service. Oasis currently operates six marinas in the Mid-Atlantic area.