Boat rental and experiences marketplace Boatsetter has landed $38 million to grow its inventory and product features.
Level Equity led the Series B round, with participation from Suntex Marinas, Certares and others.
Launched in 2014, Boatsetter connects boat owners and licensed captains to renters. It has more than 50,000 boat listings in 700 locations around the world and offers experiences such as wakeboarding, sunset cruises, party boats and fishing excursions.
“Our mission has always been about celebrating the ways that the water brings people together, and making incredible on-the-water experiences more affordable and accessible to everyone, everywhere,” says Jaclyn Baumgarten, Boatsetter co-founder and CEO.
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“By making it simple and worry-free to book an experience through Boatsetter, we’ve been able to welcome hundreds of thousands of new boaters onto the water for the very first time. With this funding, we’ll continue to build on that momentum, bringing more boats, experiences and markets into the Boatsetter community.”
Adds Gautam Gupta, partner at Level Equity: “We were attracted to how Boatsetter has taken the often intimidating arena of boat rental and ownership and made it remarkably intuitive.
“They’ve put extensive work into building the infrastructure it takes to make a business like this successful in the long term, and they’ve cracked open a market for water experiences that was previously quite narrow - attracting hundreds of thousands of new boaters and boat owners of all ages and backgrounds in the process.”