Company: Beds On Board, Borrow A Boat
Business Type: Boat Hire, Vessel Charter
UK & International Business Sales and M&A News
Boat hire and yacht charter marketplace Borrow A Boat has acquired Beds on Board, the booking platform for static charters.
The acquisition brings over 5,000 additional boats and more than 30,000 users to Borrow a Boat and reinforces its position as the largest yacht charter marketplace in the UK.
Beds on Board boat owners will also be able to list their vessels on Borrow A Boat, allowing them to offer both static and standard charters.
Launched in 2015, the UK-based Beds on Board connects guests who are looking for unique accommodation with owners who want to offset the cost of running their boats. The online platform lists everything from narrow boats and barges to motorboats and cruisers. It allows boat owners to monetise their otherwise vacant boat, helping to offset the costs of ownership while offering customers competitively priced accommodation. Unlike traditional chartering, there is no licensing required with static charters.
The yacht charter marketplace Borrow A Boat, which was founded in 2017, now offers boat charters in over 65 countries, and has raised more than £4.8 million in capital from a mixture of crowdfunding and private and venture capital investors.
Matt Ovenden, CEO and founder, said:
“The acquisition of Beds on Board is a huge milestone for us. There are a number of synergies between the two businesses – both having been founded with the goal of making boating more accessible, affordable, flexible and inclusive for all.
“Opening up otherwise vacant boats for static charters satisfies the pent-up demand for city-breaks and staycations, while offering customers a more unique and memorable experience than traditional overnight accommodation options.
“This is just the first of many exciting announcements this year, and we’re looking forward to revealing more milestones later in the year.”
Matt Ovenden – CEO and Founder of Borrow A Boat
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