# Boatbound

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boatbound

- Industry: Transportation Services
- Headquarters: Seattle, US
- Website: www.boatbound.co
- Total disclosed funding: $1.7M
- Latest round: Seed (Dec 7, 2015)
- Investors on record: 6

## About

Boatbound, Inc. is an innovative online platform revolutionizing peer-to-peer transactions in the recreational boating industry, enabling seamless access to boat rentals for a diverse clientele.Founded in 2012 and headquartered in Seattle, US, Boatbound, Inc. operates as a peer-to-peer boat rental service. The company was founded by Jaclyn Baumgarten, who has previously established other ventures in the boating and rental space. In August 2017, Boatbound, Inc. was acquired by Boatsetter.com, a portfolio company of several venture capital firms. The company has raised a total of USD 0.73 mn through a Seed funding round, with SeedInvest and ZenStone Venture Capital as the latest investors.Boatbound, Inc. specializes in providing an online platform for peer-to-peer transactions in the recreational boating sector. The company offers a marketplace that connects boat owners with renters, facilitating listings, browsing, and bookings. This service caters to vacationers, families, and boating enthusiasts across markets including the United States, Canada, and parts of Europe, focusing on enhancing accessibility and affordability in boating experiences.Boatbound, Inc. generates revenue through transaction fees collected from bookings made via its platform. The business model retains a percentage from each completed rental, encompassing commissions from both boat owners and renters. This B2C approach also includes value-added services such as insurance options and customer support, tailored to various boat types and rental durations, thereby ensuring a flexible and user-friendly experience.Boatbound, Inc. is focused on expanding its market presence post-acquisition by exploring new geographic regions and enhancing its service offerings. While specific upcoming product launches have not been detailed, the company aims to utilize the funds from its last investment round in August 2017 to strengthen its operational capabilities and reach. The strategic plan includes potentially targeting additional markets within North America and Europe.

## Funding rounds

- Seed, Dec 7, 2015, $0.7M — ZenStone Venture Capital, SeedInvest
- Seed, Jun 13, 2013, $1M — Atlas Venture, 500 Global, Kima Ventures, Expansion Venture Capital
- Seed, Jan 1, 2012 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Expansion Venture Capital (https://capitalatlas.ai/funds/expansion-venture-capital) — Seed
- ZenStone Venture Capital (https://capitalatlas.ai/funds/zenstone-venture-capital) — Seed
- SeedInvest — Seed