Published on: 21 October 2021
Borrow A Boat’s £750,000 Crowdcube campaign is now live having already secured 59 percent funding
Britain’s leading boat rental and yacht charter marketplace, Borrow A Boat, has today gone live with its £750,000 crowdfunding raise, having already received £448,495 in investment from 138 investors. The campaign has now opened up to the 1.3 million users of crowdfunding platform Crowdcube.
Describing itself as the ‘Airbnb of boats’, Borrow A Boat is in 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 and 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 percent of our round already funded is full testament to everyone’s unwavering support.
“We’re over the moon to 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. It 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.
For more information on Borrow A Boat, visit www.borrowaboat.com.
For more information on Borrow A Boat’s Crowdcube raise, visit www.crowdcube.com/borrowaboat
