GetMyBoat Secures Strategic Investment from Yanmar
SAN FRANCISCO (PRWEB) March 27, 2018 -- GetMyBoat, the world’s largest boat rental and water experience marketplace, announced today they had secured up to $10MM in funding led by Yanmar and including other investors. Yanmar is a privately held, multibillion dollar multinational company headquartered in Osaka, Japan. The Yanmar investment includes a strategic partnership between GetMyBoat and Yanmar Group company Yanmar Marine International, a tier one provider of marine engines.
“GetMyBoat is by far the world’s leading marketplace for boat rentals and water experiences,” said Shiori Nagata, President Yanmar Marine International. “As part of our search for the strongest and most innovative, technologically advanced platform, GetMyBoat was clearly our partner of choice. GetMyBoat is led by a successful serial entrepreneur with a proven track record and has the most listings and customers across the globe. Yanmar and GetMyBoat are perfect partners to facilitate allowing more people to experience the water and to explore the future of the global recreational marine industry.”
GetMyBoat was launched in 2013 and prior to today, had never raised outside capital. The Yanmar investment is the Company’s first strategic investment.
“We are thrilled to welcome aboard Yanmar,” stated GetMyBoat CEO and cofounder Sascha Mornell. “Yanmar is a multibillion dollar global Company and a strong brand name in the recreational marine industry. We are grateful that such a Company recognized the market leadership of GetMyBoat and is investing in our mutual future and accelerating our growth.”
As part of the strategic partnership between GetMyBoat and Yanmar, Ms. Nagata will join the Board of Directors of GetMyBoat. The investment will be used to further strengthen GetMyBoat’s dominant leadership position in the United States, accelerate growth in both Europe and Asia, as well as grow both the platform and product.
About GetMyBoat
GetMyBoat is the world’s largest boat and watercraft rental marketplace with over 108,000 listings in 184 countries and over 9,300 locations. The Company brings all types of water experiences to renters, anywhere in the world. For more information: http://www.getmyboat.com.
About Yanmar
Yanmar, headquartered in Osaka (Japan), is a privately held multibillion multinational company. Founded in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933. Moving on, with industrial diesel engines as the cornerstone of the enterprise, Yanmar has continued to expand its product range, services and expertise to deliver total solutions as an industrial equipment manufacturer. As a provider of small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine engines, machine tools and components, Yanmar’s global business operation span seven domains. On land, at sea and in the city, Yanmar’s mission of “providing sustainable solutions focused on the challenges customers face, in food production and harnessing power, thereby enriching people’s lives for all our tomorrows,” stands testament to Yanmar’s determination to provide us with “A Sustainable Future”. More information: http://www.yanmar.com.
About Yanmar Marine International
Yanmar Marine International is a toptier provider of sailboat & small craft engines, powerboat engines, lightduty commercial engines, propulsion & maneuvering systems and spare parts. Yanmar Marine International is part of Yanmar’s Recreational Marine Business Unit, that also includes the Yanmar Group companies VETUS, Mastry Engine Center and Flexofold. VETUS is a global provider of marine engines, generators and technical equipment for recreational marine craft and small commercial vessels. Mastry Engine Center is a provider of engineering, service repower and parts covering a wide range of marine engine, powertrain and equipment applications. Flexofold is a manufacturer of superior lowdrag folding (shaft drive and saildrive) propellers for sailboats and multihull yachts.
More information: http://www.yanmarmarine.com.
Bryan Petro, GetMyBoat, http://www.getmyboat.com, +1 415.590.9364, [email protected]
Share this article