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Boatsetter acquires another chartering company

Boatsetter, an Aventura-based startup announced that is has acquired a competing peer-to-peer boat-chartering company, Boatbound, from San Francisco, according to the South Florida Business Journal.

Similar to Boatbound, Boatsetter operates an online marketplace where boat owners can list their vessels and users can charter them. Boatsetter has raised more than $15 million in funding, reports the South Florida Business Journal.

The South Florida Business Journal state that the company has had plans to expand beyond the United States to the Caribbean and the Mediterranean. Purchasing Boatbound provides Boatsetter a large inventory and market to do that.

“Our goal is to dominate the U.S. boat rental market to make boating more affordable and accessible for consumers nationwide, no matter what type of boating experience they are seeking,” said Boatsetter co-founder and CEO Jaclyn Baumgarten via the South Florida Business Journal.

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