Yanmar Invests $21M in GetMyBoat as Part of Series B funding

Yanmar Acquires Majority Stake to Drive Digital Transformation

GetMyBoat, the world’s largest boat rental and water experience marketplace, announced today that Yanmar has acquired a majority stake in the business and injected $21M in growth capital as part of the Series B round. The funding will be used to expand the team and accelerate international growth plans as travel markets reopen. GetMyBoat will continue to be run by the current executive team as a stand-alone entity.

Headquartered in Osaka, Japan, Yanmar is a global company with more than 110 years of history of delivering innovative products and solutions for customers. A globally trusted brand in the marine industry, Yanmar has been working with GetMyBoat since its initial investment in March 2018. Since 2019 and despite the global pandemic, GetMyBoat has exceeded 10X net revenue growth and grown to offer over 150,000 boats and water experiences across 9,300 destinations. Supported by Yanmar’s initial investment, GetMyBoat has become the driving force in shaping the world of on-demand boating. Yanmar continues to see GetMyBoat as the key player in the growth of the recreational boating industry, with the company on track to send 2 million people boating before the end of 2022.

“GetMyBoat is the world’s leading marketplace for boat rentals and water experiences, and shares Yanmar’s desire to deliver rich and fulfilling experiences to its customers,” said Shiori Nagata, Chief Strategy Officer for…