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Borrow A Boat Crowdfunding Round Goes Live

12th October 2021
Since going live with its crowdfunding, Borrow A Boat has secured an additional 165 investors and has raised 63% of its £750,000 target
Since going live with its crowdfunding, Borrow A Boat has secured an additional 165 investors and has raised 63% of its £750,000 target

Britain’s leading boat rental and yacht charter marketplace, Borrow A Boat, has today gone live with its £750,000 crowdfunding campaign, having already received £448,495 in investment from 138 investors.

The campaign has now opened up to the 1.3million users of crowdfunding platform Crowdcube.

The ‘Airbnb of boats’, Borrow A Boat is part of the vanguard of companies digitising the large and maturing global charter market, set to be worth $30bn annually by 2027. One of the pioneers of peer-to-peer charter since 2017, Borrow A Boat is on a mission to make boating more accessible, affordable, flexible, and inclusive for all, to help drive participation, and make chartering a boat simpler.

CEO & founder of Borrow A Boat, Matt Ovenden, said: “Borrow A Boat wouldn’t be in the position it is today without the support of its loyal community, to be going live with nearly 60% of our round already funded is full testament to their unwavering support.

“We’re over the moon to now be opening up the opportunity of becoming a shareholder to Crowdcube’s 1.3 million investors and we look forward to welcoming a new wave of shareholders on board to join us on this journey.”

Founded in 2016 and launched in 2017 by entrepreneur Matt Ovenden, Borrow A Boat has access to over 35,000 vessels in 65+ countries, and offers peer-to-peer listings as well as boat rental through traditional charter companies. On a mission to make boating more accessible, affordable, flexible, and inclusive, Borrow A Boat pioneered peer-to-peer boat charters, helping boat owners generate extra income from their vessel and reducing the high costs of boat ownership, including maintenance costs and marina fees.

Published in Marine Trade
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