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Miami,
FL – January 2023 / Newsmaker Alert: Boatsetter,
the leading marketplace for on-water experiences and boat rentals, today
announced it has expanded its leadership team with the addition of Michael
Farb as CEO. Farb succeeds Jaclyn
Baumgarten, who co-founded Boatsetter and has served as CEO since the
company’s inception in 2014. She will assume a Founder role moving forward.
It was Baumgarten’s vision that led to the creation of an entirely new
category within the sharing economy as well as a path to entrepreneurship
for thousands of boat owners in the process. In addition, under her leadership,
Boatsetter has grown to now offer more than 50,000 boat listings available
in over 700 locations worldwide.
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 Despite
global economic uncertainty, Boatsetter sustained over 200% growth in booking
value since the pandemic (2020) through 2022. Having recently raised $38M
in Series B funding, Boatsetter is poised for significant growth in 2023
and beyond. Farb has the experience and track record to lead that expansion.
Most recently, he led Neon One to become the leading global marketplace
platform for nonprofits organizations to connect with donors and raise
over $16B to increase their impact in the world.
“Michael has an incredible
track record of scaling multi-sided marketplaces and building software-based
companies. He is laser-focused on growth and developing teams and we are
fortunate to have him on board,” said Baumgarten. “I am confident that
with the current Boatsetter team and Michael’s leadership, we are set to
take this company to the heights we have all always imagined for Boatsetter.”
“As a lifelong boat lover
and entrepreneur, I am excited to bring all of my skills, experiences and
passions to help lead Boatsetter’s next chapter,” said Farb. “The company
is well situated with strong management at every level of the business
and is ideally positioned for sustained growth in 2023 and beyond.”
While Boatsetter has filled
a much-needed void for consumers who may not have had access to the water
before, it has also created paths to entrepreneurship for many boat owners
who see the best in class return on investment they can achieve from renting
their vessels via Boatsetter, as well as the peace of mind provided by
Boatsetter’s turnkey service, which manages every aspect from matching
them with qualified renters to putting the insurance in place to collecting
payment. Renters can download the Boatsetter app or visit the website to
book a boat in less than five minutes and be out on the water the next
day.
About Boatsetter
With more than 50,000 boat
listings available in over 700 locations worldwide, Boatsetter (www.Boatsetter.com)
is the leading marketplace for on-the-water experiences and boat rentals.
Boatsetter makes it easy to discover and enjoy a wide array of on-water
experiences by connecting qualified renters directly to boat owners and
licensed captains. Featuring the largest database of USCG-certified captains,
Boatsetter makes it possible for even those with no prior boating experience
to tap into an incredible array of water activities. Credited with pioneering
the first ever peer-to-peer boat rental insurance policy, Boatsetter has
empowered boat owners with the tools and support to become entrepreneurs
on the water. Launched commercially in 2014, over one million boaters and
boat owners alike have turned to Boatsetter
to discover the endless possibilities the water provides.
Media Contact:
Mollie
Leal
Double Forte |
