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Successfully funded
overfunded
Borrow A Boat
249%
Raised
£1,496,600
Investors
537
Target
£600,000
Equity
29.95%
Pre-money valuation
£3,500,000

Striving to be the Airbnb for boats, Borrow A Boat is an online boat charter marketplace for boat rental worldwide. Featuring peer-to-peer listings, Borrow A Boat is on a mission to open up boating to the masses and is returning to Crowdcube after a 234% overfunded raise in 2017.

  • Boat charter marketplace with peer-to-peer and commercial boats
  • Mobile app allows users to find and book boats near to them worldwide
  • Featuring all kinds of boat and watercraft from a SUP to a superyacht
  • Ahead of the 2018 target for bookings

Idea

Marinas all over the world are full of boats that hardly get used. Boat owners often struggle to find the time to use them. Boat ownership is a big commitment in terms of time and cost, and it’s not attractive to people who want instant access to boating.

Yet the charter market is limited…

- There are limited locations to charter from

- There’s a limited choice of boats

- There’s often a 7-day minimum booking and lack of flexibility

- There are few centralised sites where you can go to compare and book boats in person

Last year 18m people in the UK wanted to go boating, but only 4m did (ref: British Marine, Futures Project), which demonstrates how the boat industry is currently under-serving the market - especially in a smartphone age when people expect to be able to quickly organise activities via web or app on a fully flexible, customisable and affordable basis.

Borrow A Boat, the boat charter marketplace lists 16,000+ boats for charter, and let's private boat owners list their boat for charter. The Borrow A Boat Mobile App allows users to search for and book boats near to them in any of 60 countries worldwide, with same day boarding.

Two years old and growing, with an experienced entrepreneur at the helm, the company raised on Crowdcube a year ago and was 234% funded. A year, and ten times the bookings later, ahead of forecast, we're doing it again and invite you to jump on board.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Borrow A Boat has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.