Building Britain's leading boat charter marketplace, "the Airbnb of boats", access to 35,000+ boats worldwide in more than 65 countries. Showing strong growth as the travel sector returns, and poised for international growth with expansion to multiple countries planned.
Borrow A Boat is part of the vanguard of companies that are digitising the large and maturing global charter market set to be worth $30bn annually by 2027. One of the pioneers of peer-to-peer charter since 2017, Borrow A Boat has driven choice, flexibility and ease of access to boating since then, to help drive participation, and make chartering a boat simpler.
Now fully embraced by the wider charter industry, which we feel lacked a charter marketplace, Borrow A Boat is listing a huge number of boats, with access to most of the charter fleets in the Mediterranean and Caribbean plus worldwide.
With expansions into new countries underway, and growth by acquisition in parallel, Borrow A Boat has achieved higher revenues in 2021 than the £110,380 in 2019 with revenue of £136,526 in July and August this year alone (2021 YTD P&L -£491,541), in a still suppressed travel market, and is excited to see what can be possible in 2022 when the travel sector is predicted to rebound even stronger, potentially producing the biggest surge in demand for travel ever seen.
Having raised around £3.8m since 2017, with a significant amount from crowdfunding (predominantly from Crowdcube), Borrow A Boat's preferred route to exit would be an IPO and we are in early stage discussions with Aquis Exchange exploring this option further - we believe that this would be a world first for a boating marketplace!