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UK-based self-proclaimed Airbnb for boats, Borrow A Boat, is set to close its latest equity crowdfunding campaign on Seedrs with nearly £500,000 in funding. The investment round, which launched last month originally seeking £250,000, has attracted more than 370 investors.
As previously reported, the Borrow A Boat platform was launched by boat enthusiasts and is described as a marketplace for boat charter worldwide that features peer-to-peer listings.
“Borrow A Boat’s boat charter marketplace allows you to book boats of all types online for charter – whether a short notice request for day hire, a long weekend on board, or a 7-14 day boating trip for your summer holiday. With access to over 35,000 boats listed in 65+ countries, we understand Borrow A Boat to be the UK’s leading boat charter marketplace – and was the headline sponsor of the UK’s biggest boat show in 2019 – the Southampton International Boat Show powered by Borrow A Boat.”
With international expansion on the agenda, Borrow A Boat reported it aims to launch into eight new countries in 2021 as it lays the foundation for the next stage of growth.
“Borrow A Boat makes it free for boat owners and boat charter fleets to list their boats on the platform and earns a commission on every booking – between 15% and 20% of every booking depending, with rates varying by region and boat type.”
Funds from the Seedrs round will be used to continue the growth and development of the Borrow a Boat program.
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