Boat rental platform Zizoo receives $7.5m in funding
Online boat rental marketplace Zizoo has secured US$7.5 million in growth funding from Liquidity Group, a global capital market credit automation company and fund manager.
Based in Berlin, Zizoo is a leading online marketplace for boat rentals and on-water experiences, currently offering over 30,000 boats across 500 destinations. Hailed by its developers as the ‘Booking.com for boats’, Zizoo’s platform allows users to search boats for charter, with or without crew, and book online.
“At Zizoo, we’re on a mission to bring the joy of boating holidays and days out to millions around the world, making lasting memories,” says Zizoo CEO and co-founder Anna Banicevic. “The Liquidity team has not only provided funding to enable further growth but validated our plans and ambitions through their ‘Liquidity Analysis’ platform.”
In 2018, four years after it was founded, the company secured a $7.4m Series A financing round led by Revo Capital. At the time, Zizoo noted the huge growth potential driven by an uptick of interest in boating holidays in the millennial market. The boat rental market remains one of the fastest-growing travel segments, a trend that has only accelerated during the pandemic.
Ron Daniel, CEO and co-founder of Liquidity Group adds: “At Liquidity, our technology-driven strategy helps us move at light speed to provide the growth funding companies need to expand and make an impact on the world. We’re pleased to support Zizoo’s work, and we look forward to supporting other companies seeking to use technology to provide great leisure & travel options.”
