Travel Startup Boatsetter Raises $38 Million
Boatsetter, which offers more than 50,000 personal watercraft for rental along with activities like wakeboarding, said on Monday it had raised $38 million in Series B funding.
Level Equity participated in the round. The same firm recently helped vacation rental property manager Vacasa go from startup to public company.
The Miami-based Boatsetter believes it can do for boating what Airbnb did for short-term rental apartments.
"By making it simple and worry-free to book an experience through Boatsetter, we’ve been able to welcome hundreds of thousands of new boaters onto the water for the very first time," said Jaclyn Baumgarten, co-founder and CEO of Boatsetter.
The digital private markets team of J.P. Morgan Securities served as the sole placement agent for the deal.
Up Next
How Data Quality Issues Impact Global Hospitality Operations
Jump in Indian Travel: More Premium, More Last-Minute
Delta Lowers Outlook, Cites Decline in Consumer and Corporate Confidence
IAG Pledges $217 Million for Startup Investments Through New Venture Arm
