# Marinalife

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

- Industry: Information Services
- Headquarters: Baltimore, US
- Website: www.marinalife.com
- Total disclosed funding: $5M
- Latest round: Series A (Jan 25, 2023)
- Investors on record: 4

## About

Based in the US, Marinalife, LLC is a consumer-focused company specializing in enhancing the boating experience through innovative marina services and management solutions.Marinalife, LLC provides a platform that connects boaters with marinas, facilitating slip bookings and marina management. Founded in 2000 in Baltimore, US, by Jennifer Leroux, the company has raised USD 5.00 mn in Series A funding on January 25, 2023, led by Claritas Capital with participation from Abell Foundation, Maryland Momentum Fund, and TCP Venture Capital. The company has completed a total of 2 deals, with its latest funding round representing the total amount raised.Marinalife offers a comprehensive suite of products and services designed to streamline the boating experience for both marinas and boaters. Their core offerings include the Snag-A-Slip platform, an innovative solution enabling users to discover, compare, and book marina slips effortlessly via desktop or mobile devices. This service addresses common pain points in the boating community, such as difficulty in finding and reserving slips at preferred marinas. Additionally, Marinalife provides marina management software that enhances operational efficiency for marina teams, covering essential functions like dock reservations, slip assignments, and billing processes. The company primarily serves the United States market, focusing on popular boating destinations along the East Coast, Gulf Coast, and select inland waterways, catering to both recreational boaters and marina operators.Marinalife generates revenue through a combination of subscription fees and transactional commissions associated with its flagship Snag-A-Slip service. Marinas pay to list their facilities on the platform, while boaters are charged a fee when booking a slip, creating a direct-to-consumer transaction model. This dual structure allows the company to effectively monetize its offerings while providing value to both marinas seeking to increase visibility and boaters looking for convenient booking solutions. The transaction framework supports an efficient marketplace where marinas can manage their bookings and customers can enjoy a seamless experience in planning their boating trips. Additional revenue streams may include advertising and digital magazine subscriptions aimed at engaging a broader audience within the boating community.In April 2023, Marinalife, LLC raised USD 5 million in Series A funding led by Claritas Capital for business acceleration and product development. The company is focused on enhancing its product offerings to improve the customer experience. Plans for future growth include launching new features for the Snag-A-Slip platform and expanding into new markets, particularly targeting the Midwest and West Coast regions by the end of 2025.

## Funding rounds

- Series A, Jan 25, 2023, $5M — Abell Foundation, Claritas Capital, TCP Venture Capital, Maryland Momentum Fund

## Investors

- Abell Foundation — Series A
- Claritas Capital (https://capitalatlas.ai/funds/claritas-capital) — Series A
- TCP Venture Capital (https://capitalatlas.ai/funds/tcp-venture-capital) — Series A
- Maryland Momentum Fund (https://capitalatlas.ai/funds/maryland-momentum-fund) — Series A