Boatsetter raises $38 million

Boat rental marketplace Boatsetter has raised $38 million in Series B funding by Level Equity.

Founded in 2013, the Miami-based company powers a marketplace for on-the-water experiences and boat rentals, connecting qualified renters directly to boat owners and licensed captains. It has over 50k boat listings in 700 locations worldwide.

In terms of insurance, Boatsetter says that it pioneered the first ever P2P boat rental insurance policy – securing exclusive coverage with GEICO and BoatUS, the nation’s “largest organization of recreational boat owners.”