YATCO, a central listing marketplace for yachts, has completed a major round of funding to accelerate its growth plans, according to a YATCO statement.
“The private funding that we have just completed will allow us to stay true to this mission for the long term and allow us to better serve our professional members through increased consumer reach and awareness,” YATCO founder and CEO Steven Myers stated.
The funding also will accelerate the company’s introduction of its BOSS platform, which will integrate software into a single back-office solution, Myers stated.
In the past two years, YATCO has grown its development and marketing team to more than 17 professionals in Florida and Europe, and there are plans for further expansion of personnel in California, Annapolis, London, and the South of France by the end of the year, according to the company.
In addition to the new YATCO BOSS system, the company will be launching a new consumer site and partnerships which will expand the YATCO marketplace to better reach boat owners in every marketplace, Helen Ryan, director of marketing, stated.
Based in Coral Springs, Florida, YATCO serves more than 2,000 professional yacht brokers and promotes over $15 billion in its online central listing marketplace, which facilities over $5 billion in annual sales, according to the company.