Innovative company Flotespace is boosted by global investment with an array of supportive investors.
Boat and rental startup, Flotespace, has been strengthened by support from various highly prolific investors, with the Australian business receiving over $600,000 to close out their first seed round, valuing the company at $4,000,000 in only two years in business.
The specialist online boat hire platform is thriving in what has been a difficult 12 months for many event-based businesses. Thanks to its innovative model, which provides boat owners with the opportunity to rent out their yachts or catamarans and making it easy for consumers to find Australia’s best boats for hire.
By enabling commercially surveyed boats and yachts to be listed on the platform, Flotespace has created a way for vessel owners to utilise their assets and generate an additional revenue stream – a much welcome option for many charter boat owners during a time where the tourism industry has been especially quiet. This has led to many owners reporting a rise in revenue by 80% in recent months since signing up to the platform, which is only expected to increase as Aussies look to spend their vacations locally, with international travel still looking unavailable for the foreseeable future.
The incredible growth and impressive reaction to the pandemic have sparked interest from several successful business members, resulting in a total investment of $600,000. Key investors for the Sydney-based business are investor and adviser Rolf Hansen, co-founder of Australia’s largest mobile virtual network operator, Amaysim and serial entrepreneur Bardia Housman, founder of Australia’s first free email service.
Hugh Treseder, Founder and CEO of Flotespace, says, “While we know Flotespace is a business that deserves to continue this tremendous growth, we are extremely proud and grateful for the investments we have achieved”.
Flotespace is developing a sophisticated new booking system using cutting-edge technology that will enable users to see every available slot so they can book a boat in real-time. The platform will be the first of its kind to adopt the technology in Australia.