Boatsetter

Boatsetter

Peer-to-peer boat rental and charter service

About Boatsetter

Simplify's Rating
Why Boatsetter is rated
A+
Rated A on Competitive Edge
Rated A+ on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Goods

Entertainment

Company Size

51-200

Company Stage

Series B

Total Funding

$80.2M

Headquarters

Miami, Florida

Founded

2013

Overview

Boatsetter operates in the boat rental and charter market, connecting boat owners, renters, and licensed captains through an online platform. Users can rent boats with or without a captain, catering to both novice and experienced boaters. The platform features over 50,000 boats in more than 700 locations worldwide, including major cities like Miami and New York. Boatsetter's peer-to-peer marketplace allows boat owners to list their boats, while renters can browse and book them for various experiences, such as fishing charters and luxury yacht rentals. The company earns revenue by taking a commission on each rental and offers optional insurance for added security. A unique aspect of Boatsetter is its network of licensed captains, which allows those without boating experience to enjoy the water. The goal of Boatsetter is to create an accessible and comprehensive boating ecosystem that benefits all participants in the boating community.

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Simplify's Take

What believers are saying

  • Boatsetter raised $38M in Series B funding for growth in 2023 and beyond.
  • 115% growth in lake-based rentals shows increasing demand for on-water experiences.
  • The Summer Collection offers exclusive, immersive boating experiences for thrill-seekers.

What critics are saying

  • Emerging competition from platforms like GetMyBoat and Click&Boat in 2023.
  • Potential regulatory challenges in key markets like Florida and California.
  • Rising insurance costs could impact profitability and pricing strategies.

What makes Boatsetter unique

  • Boatsetter unlocks 95% idle capacity of privately owned vessels for rentals.
  • The platform offers optional insurance coverage for both boat owners and renters.
  • Boatsetter supports a network of licensed captains for enhanced user experience.

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Funding

Total Funding

$80.2M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$38M
Boatsetter
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

0%
PR Newswire
May 15th, 2024
Boatsetter Launches New, Limited-Time Summer Collection, Marking Another Milestone In Company'S Experience-First Mission

MIAMI, May 15, 2024 /PRNewswire/ -- Boatsetter , the leading mobile app for boat rentals, charters, and on-the-water experiences, is excited to announce the debut of its Summer Collection. This all-new series of boating experiences marks a significant shift for Boatsetter, further solidifying its position as a premier destination for unforgettable water-based adventures.Boatsetter’s Summer Collection offers a unique selection of immersive on-the-water experiences, curated for a limited time and available solely through Boatsetter.The Summer Collection showcases the magic of being out on the water, offering a diverse range of experiences tailored for thrill-seekers and nature enthusiasts alike. Each experience promises a unique and immersive trip, available exclusively on Boatsetter—from salmon mooching in Seattle to an epic day trip to the Dry Tortugas, one of the most remote national parks in the U.S. only accessible by boat or seaplane, to sailgating on the back nine during the American Century Celebrity Golf Championship, anchored on Lake Tahoe.Available for a limited time only, the Summer Collection invites guests to embark on guided excursions led by experienced, local captains, or opt for self-guided adventures to explore at their own pace. Many offerings are available for select dates throughout the summer, while others are hosted on a single date for a one-time-only booking or specifically aligned with a special event. This new collection reinforces Boatsetter's belief that in essence, the boat itself is just a vessel; and what truly drives an incredible experience is where a boat can take you and the activities that a boat enables (whether onboard, or in, on and around the water)."Our Summer Collection represents the next evolution of Boatsetter, as we continue to redefine the way people connect with the water," said Michael Farb, CEO of Boatsetter

PR Newswire
Apr 30th, 2024
Boatsetter Reveals Trending Destinations Ahead Of Summer 2024

115% Growth in Lake Experiences and Fourth of July Rentals Dominate Pre-BookingsMIAMI, April 30, 2024 /PRNewswire/ -- Boatsetter , the leading mobile app for boat rentals, charters, and on-water experiences, has unveiled the hottest travel destinations leading into Summer 2024. Backed by recent booking data and internal search queries, Boatsetter has seen a 115 percent boost in lake-based rentals and a 53 percent surge in pre-bookings for key summer holidays, particularly around the Fourth of July. This growth is fueled by broader trends as vacationers prioritize outdoor activities and off-the-beaten-path adventures, showcasing a significant shift in travel preferences towards on-the-water experiences."We're thrilled to see a jump in pre-bookings and interest in lake locations soar as we ramp up for the busy summer ahead," says CEO Michael Farb. Post this Boatsetter, the leading mobile app for boat rentals, charters, and on-water experiences, has unveiled the hottest travel destinations leading into Summer 2024. Backed by recent booking data and internal search queries, Boatsetter has seen a 115 percent boost in lake-based rentals and a 53 percent surge in pre-bookings for key summer holidays, particularly around the Fourth of July.The rise of bookings around lake locations has been most notable in Chicago, Austin, Charlotte, and Seattle. Inland lake rentals have historically accounted for an average of 20 percent of the company's total annual bookings, with Lake Michigan, Lake Travis, Lake Austin, Lake Norman, Lake Union, and Lake Washington leading the way as the most popular bodies of water near these major metropolitan areas

Google News
Aug 9th, 2023
Smart Charter Ibiza crests the waves of success

Since 2018, Smart Charter has collaborated with U.S. company Boatsetter, a global online booking platform for boat charters, in a partnership that has enabled it to expand its reach beyond Europe and into the American market.

Bizjournals
May 10th, 2023
Boatsetter cofounder Jaclyn Baumgarten joins IDC Ventures to lead U.S. expansion

Baumgarten stepped down as CEO of Boatsetter in January.

Boating News Hub
May 2nd, 2023
6 Best Fort Pierce Restaurants on the Water – Boating News Hubb

To help you make the most of your boating adventure, Boating News Hubb at Boatsetter have created a quick guide to the six best Fort Pierce restaurants on the water.

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