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234%
Raised
£468,880
Investors
688
Target
£200,000
Equity
28.10%
Pre-money valuation
£1,200,000

Striving to be the Airbnb for boat chartering, Borrow A Boat is an online platform designed to allow anyone to hire a boat, and for any boat owner to easily rent out their idle vessel. With 13,000 boats in more than 50 countries now listed, the team are now raising to expand marketing activities.

  • Over 13,000 boats in more than 50 countries
  • Over 100 charter days booked so far
  • Formed in 2016 and already featured in The Daily Mail & Lonely Planet
  • Founded by a serial tech entrepreneur with a love of boating
Information The company had £105,580 of its SEIS allowance remaining at the start of this raise. This will be allocated to investors on a first come first served basis. Any investments made after that limit has been exceeded will not be SEIS eligible but will potentially be eligible for EIS. The potential tax relief of any investment will be confirmed by email to investors, after they have submitted their applications to invest, and will depend on an investor's individual circumstances.

Idea

Introducing Borrow A Boat - bringing the sharing economy to boating

Introducing “Borrow A Boat” – the new boat charter marketplace which lets boat owners list their boats “Airbnb-style” for private charter.

With over 13,000 boats, and everything from a RIB to huge luxury yachts on offer globally, the team are setting out to bring more choice, variety and better value to the boat charter market than ever before, and to help boat owners offset the costs of boat ownership at the same time.

According to Bank of America, the sharing economy is one of the biggest technological trends globally, with the likes of Airbnb and Uber leading the way. We know that boat-owners typically leave their boats idle for a lot of the year due to practical time limitations on using the boat, means marinas across the world are full of expensive under-utilised assets.

Borrow A Boat was formed in late 2016, since then we've grown fast amassing over 13,000 boats around the world with a growing following and contact list, plus with modest marketing we've been selling charters since January with over 100 charter days booked and overwhelming demand.

Borrow A Boat have had positive coverage in a number of publications including The Daily Mail, The Sun, Lonely Planet.

We are seeking funds to build on our momentum to date through increased marketing and further development of our web platform.

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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.