European charter site raises funding

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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.