Boat Marketplace Platform Borrow A Boat Seeks £200,000 Through Crowdcube Initiative

Boat marketplace platform, Borrow A Boat, is now seeking £200,000 through its equity crowdfunding campaign on Crowdcube as it prepares to expand its website. The platform, which was set up in 2016 by boat enthusiasts, describes itself as a marketplace for boat charter worldwide that features peer-to-peer listings. It is currently listing over 13,000 boats in around 32 countries and has seen between £300-400 gross profit on bookings. While revealing Borrow a Boat’s main goals, the platform’s CEO and Founder, Matt Ovenden, stated:

Our mission is to open up boating and make it more accessible and easier to access for the masses, by bringing more choice of boat and variety of locations to the charter market, as well as better value charters and ease of booking and going boating. We simultaneously want to help boat owners reduce the cost of boat ownership, by giving them the platform to list and charter their boats.”

Ovenden also reported that he and his team are seeking funds to build on their momentum to date through increased marketing and further development of their web platform:

We are building up our database of boats fast, and are seeking to have all kinds of boats, in as many locations as possible. Everything from a RIB or small day boat, to a holiday yacht, motor cruiser or luxury superyacht. We are bringing a mixture of privately owned and managed boats, and charter boats, for maximum choice for the consumer who wins.

Since its launch, the campaign has successfully secured more than £70,000 from nearly 40 investors. It is set to close at the end of November.


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