Thai yacht startup sails ahead with $250k seed money

Boatcrowd, a Thailand-based yacht charter platform, has raised US$250,000 in seed money from three undisclosed angel investors.

Photo credit: Boatcrowd

The startup will use the funds to help grow its sales team, invest in its tech, and improve processes across the value chain.

“We aim to scale our marketplace platform to become one of the leaders in sourcing and booking luxury yet affordable yachts globally while tapping [into] Southeast Asian opportunities in particular,” Vadim Garr, founder and CEO of Boatcrowd told Tech in Asia in an emailed interaction.

Founded this year, Boatcrowd gives customers access to yacht rental deals worldwide, allowing them to choose from among crewed motor yachts, premium catamarans, and powerboats.

According to the startup, Thailand is on the path to becoming the third major yachting destination globally after the Mediterranean and the Caribbean.

See also: $20m in sales with no funding: How a Singapore baby ecommerce brand did it

The company curates yacht itineraries for a full-day charter, a weekend, or extended liveaboards that last several weeks across Southeast Asia, the Pacific, the Mediterranean, and the Caribbean.