GetMyBoat Receives $21M in Series B Funding
Grace Mahas — February 24, 2022 — World
References: getmyboat
GetMyBoat is a new boat rental platform that was designed to make renting boats more accessible to consumers. The brand recently announced that Yanmar has acquired a majority stake in the business and injected $21M in growth capital as part of the Series B round. As travel markets reopen, the funds will be used to expand the team and accelerate international expansion plans. The current executive team of GetMyBoat will run the business independently.
"GetMyBoat is the world's leading marketplace for boat rentals and water experiences, and shares Yanmar's desire to deliver rich and fulfilling experiences to its customers," said Shiori Nagata, Chief Strategy Officer for Yanmar. "Yanmar is continuing its commitment to using advanced technology to transform into a consumer-focused brand via this acquisition. Together, we're not only shaping the next generation of marine recreation but also reaching future generations of consumers globally."
Image Credit: Shutterstock
"GetMyBoat is the world's leading marketplace for boat rentals and water experiences, and shares Yanmar's desire to deliver rich and fulfilling experiences to its customers," said Shiori Nagata, Chief Strategy Officer for Yanmar. "Yanmar is continuing its commitment to using advanced technology to transform into a consumer-focused brand via this acquisition. Together, we're not only shaping the next generation of marine recreation but also reaching future generations of consumers globally."
Image Credit: Shutterstock
Trend Themes
1. Boat Rental Sharing Economy - GetMyBoat's success and funding highlights the increasing popularity and potential of the boat rental sharing economy.
2. International Expansion - GetMyBoat's Series B funding will be used to accelerate their international expansion plans, highlighting a trend for companies in the travel industry to expand beyond their home country
3. Consumer-focused Marine Technology - The acquisition of GetMyBoat by Yanmar showcases a trend towards using advanced technology to improve customer experiences and transform into a consumer-focused brand in the marine industry.
Industry Implications
1. Travel and Tourism - The expansion of GetMyBoat's boat rental sharing economy highlights a trend for travel and tourism companies to diversify their offerings beyond traditional accommodation and transportation.
2. Marine Recreation - GetMyBoat's acquisition by Yanmar showcases innovation opportunities in marine recreation and advanced marine technology.
3. Sharing Economy Platforms - GetMyBoat's growth highlights a trend in the sharing economy towards specialized platforms which connect consumers with specific rental or purchase needs.
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