PHOTO COURTESY OF GETMYBOAT
Yanmar has invested $21 million in GetMyBoat as part of Series B funding. The funding will go to help the world’s largest boat rental and water experience marketplace expand its team and advance international growth. While Yanmar is now the majority stakeholder, GetMyBoat will continue to run as a standalone entity with the current executive team. Founded in 2013, the company has grown to offer over 150,000 boats and water experiences across 9,300 destinations, and has exceeded 10 times net revenue growth.
Headquartered in Osaka, Japan, Yanmar has been working with GetMyBoat since March 2018, and brings its over 110 years of experience to the table.
“Working closely with Yanmar during the past four years has been an incredible experience. Yanmar recognized very early the vision, and reality, of GetMyBoat,” says Sascha Mornell, CEO & Co-Founder of GetMyBoat. “We mutually share a passion to democratize boating globally. Having Yanmar’s support, partnership, and growth capital will give us the opportunity to truly realize this dream. The future ahead for GetMyBoat and Yanmar working together is very bright.”
The acquisition will help drive Yanmar’s digital transformation across its various business domains, while allowing the company to identify and monitor trends in the recreational marine industry. Together, Yanmar and GetMyBoat are on track to grow the recreational marine industry and send two million people boating before the end of 2022.
“GetMyBoat is the world’s leading marketplace for boat rentals and water experiences, and shares Yanmar’s desire to deliver rich and fulfilling experiences to its customers,” says Shiori Nagata, Chief Strategy Officer for Yanmar. “Yanmar is continuing its commitment to using advanced technology to transform into a consumer-focused brand via this acquisition. Together, we’re not only shaping the next generation of marine recreation but also reaching future generations of consumers globally.”
To learn more, visit getmyboat.com.
