Archipelago Yachts secures over 150% of funding target

Following an investment round via crowdfunding site Crowdcube, Archipelago Yachts has hit 157 per cent of its funding target.

The funding round went live on 22 March and was live for 20 days. The successful funding round consisted of 174 investors, raising a total of £236,996 of a set target of £150,000.

Archipelago says the funds will be allocated towards expanding its footprint in both Europe and the US. The British power catamaran builder recently announced Oaksmith Yachts as its first US dealership, located in the Pacific Northwest.

Archipelago informed interested investors of its aim to be carbon neutral by 2040 through its sustainable solutions, which include using all hybrid-powered vessels and the methanol-powered Archipelago zero.63.

“I am overwhelmed by the support and interest we have received throughout this funding round and would like to thank everyone who has invested,” says Archipelago’s founder, Stephen Weatherley. Thanks to their support, we can confidently continue our pledge of creating a cleaner future for the marine industry through our sustainable vessels.”

The Archipelago range, designed by naval architects Chartwell Marine, currently consists of the Archipelago 40, 47, 52 Flybridge, 63, and the soon-to-be-announced Archipelago 80.