What is GetMyBoat?
Founded in 2013 and based in Foster City, California, GetMyBoat operates as a comprehensive platform for watercraft owners. It facilitates the rental and charter of a diverse range of vessels, from kayaks and sailboats to powerboats and yachts. The company's model empowers individuals and businesses to monetize their watercraft assets, while simultaneously providing consumers with accessible options for marine recreation and experiences. GetMyBoat has established itself as a key facilitator in the peer-to-peer boat rental industry.
How much funding has GetMyBoat raised?
GetMyBoat has raised a total of $34.5M across 3 funding rounds:
Unspecified
$10M
Series A
$3.5M
Series B
$21M
Unspecified (2018): $10M with participation from Yanmar
Series A (2020): $3.5M, investors not publicly disclosed
Series B (2022): $21M supported by Yanmar
Key Investors in GetMyBoat
Yanmar
Yanmar is a global industrial manufacturer renowned for its pioneering work in diesel engines and a broad range of equipment for marine, industrial, and agricultural sectors. Their investment in GetMyBoat suggests a strategic interest in expanding their footprint within the marine technology and recreational boating market.
What's next for GetMyBoat?
The recent major strategic investment signals a new phase of development for GetMyBoat. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its global reach, and potentially exploring strategic partnerships within the broader marine and travel industries. Given the company's focus on the watercraft rental market, future initiatives may include advancements in booking systems, safety features, and customer experience enhancements. The ongoing support from investors like Yanmar suggests a continued focus on leveraging technology to optimize marine operations and accessibility.
See full GetMyBoat company page
