Anchor Yacht Rentals bags $2.5Mn seed funds to expand market presence

Anchor Yacht Rentals bags $2.5Mn seed funds to expand market presence

Florida-based Anchor Yacht Rentals- a platform that connects licensed captains and private yacht owners, has secured USD 2.5 million in seed funding round led by Silverton Partners. After showing a robust 400% organic growth in the year 2020, the company raised the capital to expand its presence across prominent American and international travel sectors.

Founded in 2016, Anchor Yacht Rentals initially rented boats with captains on Lake of the Ozarks, Missouri. Since then the company has grown to more than 700 listings across 20+ cities, positioning coast guard captains that are trained in the field of safety, CPR, navigation, and first-aid, and are subjected to background checks by homeland security and drug tests.   

Notably, it is the only platform to have received approval for safety and standards from the United States Coast Guard (USCG).

Zach Hatraf, Founder and CEO, Anchor Yacht Rentals, was quoted stating that ”By using the service offered by Anchor, yacht owners can capitalize on the times when the boats are unused by turning it into a turnkey business.”

Commenting on operations of the company, Mr. Hatraf added “Similar to Airbnb and Uber business models, Anchor’s model works for all the involved parties by providing a platform that reduced the cost and access barrier of a premium boating experience, along with offering resources that are required by yacht owners to be legal, safe, and profitable.”

With the raised capital, the entity aims at developing on lines of its proprietary marketplace which is referred to as a “gamechanger” by market experts.

The platform by Anchor Yacht Rentals offers users a wide array of turnkey services and experience, a dedicated concierge team, insurance, and local US Coast Guard licensed capitals who know the local waterways well.   

At present, Anchor is available in Florida, Maryland, New York, Illinois, Missouri, and Washington D.C. Additionally, boat owners who join Anchor’s service can decide their rates and monitor their calendars online.