The World’s Largest Boat Rental Marketplace Announces Plans to Accelerate Global Expansion with $10MM

SAN FRANCISCO, CA –  GetMyBoat, the world’s largest boat rental and water experience marketplace, announced today they have secured up to $10MM in funding led by Yanmar and other investors. This partnership further strengthens the global dominance of GetMyBoat in the peer-to-peer boat rental industry, with an increased emphasis on growth in European and Asian markets.

Yanmar is a multi-billion dollar international company headquartered in Osaka, Japan. The Yanmar investment includes a strategic partnership between GetMyBoat and the 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.”

“We are thrilled to welcome aboard Yanmar,” stated GetMyBoat CEO and co-founder Sascha Mornell. “Yanmar is a multi-billion 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.”

About GetMyBoat

GetMyBoat launched in 2013 in San Francisco, and, until today, has never raised outside capital. It has since grown to be the world’s largest boat and watercraft rental marketplace. With over 108,000 listings in 184 countries and over 9,300 locations, there’s something for everyone, worldwide. The user-friendly platform is available online and on mobile apps for iOS & Android. GetMyBoat brings all types of water experiences to renters, anywhere in the world. For more information: www.getmyboat.com.

About Yanmar

Yanmar, headquartered in Osaka (Japan), is an international manufacturer of industrial equipment. Founded in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933.

More information: www.yanmar.com.

About Yanmar Marine International

Yanmar Marine International is a top-tier provider of sailboat & small craft engines, powerboat engines, light-duty 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.

More information: www.yanmarmarine.com.

 

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