Borrow A Boat has completed its latest funding round raising 1.5 million euros for capital funding.
The move will allow finalisation of the tech integration of the group’s business units, consisting of two marketplace brands and two SaaS businesses and increasing growth.
Borrow A Boat has market share in the UK, Netherlands and the DACH region (Germany, Austria and Switzerland).
In 2024, the company acquired competitor boating marketplace, Zizoo, that is active in the DACH region. The acquisition added 40 team members to the group and resulted in a userbase of over 500,000 boat rental enthusiasts.
The company is seeing growth in the boating and yacht charter market and predicts the global market size will grow to $25.46 billion in 2028 at a compound annual growth rate of 10.9%.
Flexible and adaptive
Borrow A Boat says the growth is attributed to flexible and adaptive charter policies, the desire for more experience driven holidays, the influence of social media and influencers and the rise of enhanced and dedicated booking platforms.
Following an eight-month integration period, Borrow A Boat is predicting growth of 500% YoY based on the last three months figures.
In addition, the acquisition of Zizoo in March 2024 has allowed Borrow A Boat to streamline and optimise its operations, saving an average of £200,000 in costs per month.
During 2025, the company plans to focus on expansion of its B2B unit and expand its day-rental brand, Barqo outside of the Netherlands.
The company has held six previous funding rounds, the largest raising $3.81 million and a total of $10.4 million.
