GetMyBoat.com Secures $500,000 in Angel Funding to Grow the Increasingly Popular Boat Rental Platform

SAN FRANCISCO, Calif., March 19, 2013-- GetMyBoat.com, the largest and fastest growing boat rental site, today announced that it has secured $500,000 in angel financing. This round of funding will contribute to enhanced marketing, adding personnel, and new product development for the ground-breaking site. The San Francisco-based start-up officially launched on March 5, and has already added 400 additional boats (to the previous 2,000) in the last fourteen days alone.

“Based on the enthusiasm of our user base, we believe GetMyBoat is destined to be the standout player in the boat rental space,” said Bryan Petro, GetMyBoats Head of Product. “We feel our interface is elegant and easy to use, while at the same time gives boat owners the flexibility they need to list all watercraft types.”

“Our approach to fundraising has always been milestone driven, selectively securing capital as we build and expand our offering,” said Sascha Mornell, CEO and Co-founder. “The investment support we’ve obtained is important and demonstrates our value to the marketplace, and positions us favorably for the ramp up of GetMyBoat.”

GetMyBoat includes the following features:

•No Cost Listings for boat owners, including photos, video, boat specs, pricing, and scheduling, all of which can be added to the site in a matter of minutes.

•Chat Functionality, enabling renters to interact directly with the owner prior to purchase.

•Online Calendar Application, enabling renters visiting GetMyBoat to easily find out when boats are available.

•Private and Charter Boat listings, including cross listings for companies with multiple locations.

•No Fees, Commissions or Monthly Membership Dues. Everything from signing up on the site, listing watercraft, and completing reservations is completely free of charge.

•Flexibility. Boats can be rented by the day, hour or by the week, depending on the owner’s specifications. Furthermore, the renter has the option to rent or charter the boat with a captain or without.

About GetMyBoat

GetMyBoat.com is the world’s largest peer-to-peer marketplace for watercraft rental. Launched in San Francisco, California in 2013, GetMyBoat serves renters and owners of every type of boat across the world, from California to Croatia and from kayaks to catamarans. For more information, visit our website at www.getmyboat.com.

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