About Boat Planet
Boat Planet is a company based in St. Louis (United States) founded in 2018 by Wendell Eirvin and Michael Kiel.. Boat Planet has raised $1.2 million across 1 funding round from investors including 46VC, Ascend Venture Capital and QuadTwo Capital. Boat Planet operates in a competitive market with competitors including Mariner Exchange, Scuttlebutt, Wave Marine Group, Maritant and Exclusive Yachts, among others.
- Headquarter St. Louis, United States
- Founders Wendell Eirvin, Michael Kiel
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Sectors
Business ServicesTravel & Hospitality Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Feb 13, 2024
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Investors
46VC
& 2 more
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Employee Count
Employee Count
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Funding Insights of Boat Planet
Boat Planet has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.2M
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First Round
First Round
(13 Feb 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Boat Planet | Valuation | 46VC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Boat Planet
Boat Planet has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include 46VC, Ascend Venture Capital and QuadTwo Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funds are managed by 46VC for startups.
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Founded Year | Domain | Location | |
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Venture capital is provided to data-centric technology startups.
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Founded Year | Domain | Location | |
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Early-stage businesses are supported with capital and guidance by QuadTwo Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Boat Planet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Boat Planet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Boat Planet Comparisons
Competitors of Boat Planet
Boat Planet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mariner Exchange, Scuttlebutt, Wave Marine Group, Maritant and Exclusive Yachts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform to find boat repair professionals
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| domain | founded_year | HQ Location |
Social platform for boating enthusiasts is offered through mobile app.
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| domain | founded_year | HQ Location |
Offers a marine marketplace for yacht sales and comprehensive services.
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| domain | founded_year | HQ Location |
Operates a B2B marketplace platform connecting users with marine equipment and service providers.
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| domain | founded_year | HQ Location |
Personalized yachting experiences are provided via subscription-based membership.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Boat Planet
When was Boat Planet founded?
Boat Planet was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is Boat Planet located?
Boat Planet is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Is Boat Planet a funded company?
Boat Planet is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Feb 13, 2024.
What does Boat Planet do?
Boat Planet was founded in 2018 in St. Louis, United States, as a platform in the marine services sector. Connections are facilitated between boaters and providers for services including repair, cleaning, flooring, and detailing. Quotes are obtained, communications are conducted, and payments are processed through the platform. Operations focus on streamlining access to marine maintenance needs across the United States.
Who are the top competitors of Boat Planet?
Boat Planet's top competitors include Mariner Exchange, Scuttlebutt and Exclusive Yachts.
Who are Boat Planet's investors?
Boat Planet has 3 investors. Key investors include 46VC, Ascend Venture Capital, and QuadTwo Capital.