Publish date:

A new business model for chartering?

Zizoo’s young executive team has also tapped into a young demographic that enjoys chartering

Zizoo’s young executive team has also tapped into a young demographic that enjoys chartering

Zizoo, a charter boat reservation platform, has raised $7.4 million (€6.5 million) in Series A funding, according to The company, based in Berlin, Germany, said it has seen its revenues more than double each year since it was founded three years ago.

Launched in 2015 by Anna Banicevic, Zizoo plans to use the funding to accelerate its global expansion. The boat reservation platform includes 21,000 customer-reviewed boats from 1,500 charter companies in 30 countries. Most of its 50 destinations are currently in Southern Europe.

“The yacht charter market is one of the most underserved verticals in the travel industry despite its huge potential,” said Cenk Bayrakdar, managing director of Revo Capital, which was the lead investor in the recent funding.

Banicevic said that Zizoo would “continue to empower” yacht charter companies to meet “massive market opportunities” represented by millennials. “We’re seeing millions of annual website visits and fantastic revenue growth rates,” she said.


Banicevic said that Zizoo (a nickname for Jacques Cousteau) has more than 100,000 registered users.

“We’re looking to strengthen our presence in the US, where we’ve seen the biggest YoY growth while also expand our inventory in hot locations such as Greece, Spain and the Caribbean,” Banicevic told the website. “We will also be aggressively pushing markets such as France and Spain where consumers show a growing interest in boat holidays.”

The company plans to hire 40 more employees in the next year to meet increasing demand from mostly 20- to 40-year old clients. Zizoo’s employees are also mainly 20-somethings.

Banicevic told techcrunch that the main competition is in the offline world, “where 90 percent of business is conducted by a few large and many small travel agents.”

A few other charter platforms have emerged, but Banicevic says her company has managed to outgrow competitors, “thanks to our unique vertically integrated business model, offering suppliers a booking management system and making it easy for the user to book a boat holiday.” 


Suntex Acquires Tampa Area Marina

The Marinas at Little Harbor, with slips and drystack storage, is in a resort community that’s being developed in Ruskin, Fla.

Littelfuse to Acquire Carling Technologies

The $315 million transaction is expected to close in the fourth fiscal quarter.

Boat Sales and Fraud

Boat History Report has tracked a 123 percent increase in fraud on the preowned-boat market since the pandemic buying spree began.

Avoid Cutoff Confusion

Dealers should familiarize themselves with a new law requiring engine cutoff switches so they can inform their customers. Meanwhile, a new program puts Ohio youth in kayaks to learn about the importance of the Great Lakes.

Wave Wifi MNC1250

Wave WiFi has solutions to keep boats online further from shore using the fastest possible internet connections. Wave WiFi’s new Dual Band Marine Network Controller with SIM-activated cellular system (MNC1250) distributes fast reliable internet onboard. It can be connected to any internet source including cellular data using the built-in universal SIM card slot and transmits both 2.4 and 5GHz AP signals for speed and reliability. Gigabit ports provide fast throughput and Wave’s proprietary GUI (Graphic User Interface) makes it easy to set up and operate. New Multi Active WAN feature allows you to assign devices to a designated internet source of your choosing. Cameras, door alarms, and other devices can run on cellular while onboard users are connected to other land based hot spots.

OneWater Acquires T-H Marine

OneWater Marine purchased the Huntsville, Ala.-based P&A provider for around $185 million.

Groupe Beneteau Acquires Starfisher

The Portugal-based yard builds powerboats from 25 to 35 feet and was doing subcontracting work for the group.

Winnebago Posts Record Q4, Fiscal Year

The Chris-Craft and Barletta parent reported full year revenue of $3.6 billion, a 54 percent increase from 2020.