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Our inclusion in the Endeavor network will facilitate our global expansion and growth in 2018
Boatsetter announced investment from the Endeavor Catalyst fund as part of its Series A financing round, providing the company with funds to expand in its current markets. Selected as an Endeavor company in 2017, and supported by Endeavor Miami, Boatsetter is the world’s leading boat-sharing company.
“We are thrilled to have Endeavor Catalyst include us in its high-impact growth portfolio. Our inclusion in the Endeavor network will facilitate our global expansion and growth in 2018,” said Jaclyn Baumgarten, Endeavor Entrepreneur, and CEO and Co-founder of Boatsetter.
Boatsetter has a multinational presence across key boating locations such as the Caribbean, the Bahamas, Mexico, the Mediterranean Coast, and across the U.S., where it has created revenue-generating opportunities for both private boat owners and charter partners, while given access to boating to thousands of renters.
Boatsetter combines the rental mechanics of Airbnb with the on-demand labor dynamics of Uber to deliver a hassle-free boat rental experience for all stakeholders. Its peer-to-peer boat sharing platform connects individuals seeking a day out on the water with boat owners and captains looking to charter their goods and services.
After its commercial launch in 2015, Boatsetter is committed to achieve 20,000 rentals by end of 2018, consolidating its positioning as the top boat rental community.
Boatsetter was founded in 2013 with the goal of bringing together boat owners, boat captains and renters seeking a way to experience boating within the market sharing economy. Boatsetter exists to connect the boating world in a way it has never been connected before. It aims to make boating available to everyone by providing world-class insurance (Geico/BoatUS), and connection to our network of boat owners and certified captains, allowing everyone a chance to enjoy the luxury of boating. Boatsetter is currently the #1 Boat-Rental Community.
Endeavor Catalyst is the innovative co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Since launching in January 2012, Endeavor Catalyst has raised over $100M in philanthropically donated and invested capital, and invested into 76 Endeavor companies in 21 markets. To date, Endeavor Catalyst has co-invested alongside a number of leading venture capital and growth equity funds, including Accel Partners, General Atlantic, NEA, Sequoia Capital and Tiger Global. Investments include Globant (NYSE: GLOB) in Argentina and Yemeksepeti.com (acquired by Delivery Hero) in Turkey.
Learn more at: www.endeavor.org/approach/catalyst
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