Skip to main content
Updated:
Original:

European charter site raises funding

Marinanow is a new European site for people looking to berth or charter their boats — similar to the Airbnb model — and has raised seed funding to get started.

The company raised 370,000 euros, or around $624,000, of early stage investment from led by European VC United Ventures.

With Marinanow, you search by location then book and pay for the berth online. It now has more than 1,000 marinas and ports with 4,000 boats covering Italy, France, Spain and Croatia, according to TechCrunch.

Maxi yachts can charter for hundreds of thousands of Euros every week and additional services like bunker age (refueling of the boats) can easily double this number, which makes for an attractive prospect when scaled worldwide.

But boat owners face a problem when trying to book berths since there is no global database of berths. And the market is quite fragmented.

Marinanow’s main competitors are PortBooker and Thewaypoint in the U.S. Easyberthbooking is focused on the French market and Inautia is another Mediterranean competitor.

Founded in Sardinia, Italy, in 2012, Marinanow was created by Alessandro Sestini, Paolo Codina and Andrea Corvaglia who all have experience working in marinas.

Related

Volvo Penta to Power Offshore Wind Farm Transfer Vessels

The Swedish company will provide quad IPS systems for crew-and-equipment transfer vessels being built by American Offshore Services.

ePropulsion Secures B+ Series Funding

The China-based company will use the investment — equal to tens of millions of U.S. dollars — to advance research and development in e-power technology innovations.

Discover Boating Moves Forward

The joint NMMA and MRAA effort reveals a new logo and its rebranding of the Miami International Boat Show.

The Outdoor Recreation Boom Continues

Bombardier Recreational Products saw revenue jump 28 percent to $4.2 billion for the year, but dipping in its fiscal Q3 due to supply chain constraints.

A Steady Decline

Demand remains strong, but supply-chain logjams continue to weaken boat registration numbers.

Heimensen Named MarineMax Marketing VP

The yacht retailer announced it has promoted its longtime marketing director Abbey Heimensen.

C.G. Foundation Launches GivingTuesday Matching Challenge

The Coast Guard Foundation is launching a matching gift in which Geico Military will triple all donations received by midnight tonight.

Argo App Experiences Growth

Over a two-year period, the navigation and social boating app has expanded its on-the-water community to 50,000 boaters, with functionality upgrades planned in the future.