Latest news on marine companies raising funds and fundraising. Read articles on marine fundraising, whether that’s for marine charities, to scale production or to crowdfund for new product developments.
Explorer and adventure yacht builder Arksen has launched its first public investment round. The UK firm is raising £6m Series A capital from institutional and retail investors. The company was founded in 2018 by entrepreneur Jasper Smith. The firm, which has three business pillars — marine, automotive and apparel – reported revenues of £18.5m in […]
Candela, a Swedish maker of electric hydrofoil vessels, has closed the largest funding round in the company’s history to expand production of its P-12 ferry. A key partner in the €24.5m round is Groupe Beneteau — the largest global boat maker, with a turnover of €1.46bn, 15 factories, nine brands, and more than 8,000 yachts […]
A GoFundMe page has been launched for Magnus Reslow, 64, a Swedish single-handed sailor who was attacked by pirates off the coast of Colombia, before fighting them off with a hammer and emergency flares. Reslow (pictured above) is a low-budget sailor who has been living on boats for 30 years, sailing worldwide using a school […]
Young cancer survivors supported by the Ellen MacArthur Cancer Trust have benefited from the RS Association’s fundraising support in 2023, with the organisation raising over £2,700 across its numerous sailing events. At Mounts Bay Sailing Club, the RS400 Nationals event held a raffle for participants and guests to raise money, and those in attendance heard […]
A kayaker from Somerset has broken the record for kayaking around Britain, while raising awareness of diabetes. Dougal Glaisher, 23, broke the previous record by 27 days when he arrived in Suffolk at 5.40pm on Tuesday (11 July 2023) — finishing the 3,218km (2,000-mile) challenge in 40 days. Glaisher, who was diagnosed with type 1 […]
The Europe managing director of yacht brokerage Northrop and Johnson, Patrick Coote, is attempting to row non-stop from Port Vell on the Spanish mainland to the island of Ibiza in the Balearics. The feat, which is part of an extreme endurance race, is expected to take around 80 hours, depending on the wind and weather. […]
The Ancasta Group has sponsored the Ellen MacArthur Cancer Trust’s pre-season fundraising sailing regatta, which took place in the Solent on Friday (5 May 2023). Taking to the water in twelve high-performance, one design J70 boats, the crews enjoyed a series of short, fun, but competitive races in the Solent, just off Cowes on the […]
Dutch startup Iqnautics has announced the launch of its first funding round to build out its product with additional features. Iqnautics is developing digital tools that automate processes within the yacht charter sector, aimed at enhancing efficiency. After officially launching at the International Charter Expo (ICE) in Zagreb and with a long-term goal of becoming […]
Swedish high-performance electric boat maker, X Shore has raised around 300 million SEK (£23m) in the company’s latest round of fundraising. The company is projected to reach EBITDA profitability in 2024. SEB Investment Management was the lead investor in this round of funding. X Shore reports that other supporters include existing and new shareholders. “SEB […]
Helsinki-based startup Juva Yachts has launched its first funding round. The firm is raising €500,000 to build a prototype of its Juva e/y 30, an all-electric cabin cruiser with a limitless range. If the round is successful, Juva says it hopes to begin prototype production this April, completing the first boat in November 2023. Funds […]
Australian-based technical apparel brand Zhik has launched an equity crowdfunding campaign to raise AU$4m (£2.29m) to drive future growth. Registration is now open following one of Zhik’s most successful years, with sales growing 40 per cent in the financial year ending June 2022. Zhik is inviting sailors, brand followers and watersports enthusiasts to register, and […]