Funding Details
- Awarder
- StartEngine
- Date Award
- March 24, 2022
- Vertical
- Robotics
- Funding URL
- View Funding Page
- Premoney Valuation
-
$1,000,000
- Valuation
-
$10,000,000
Company Info
- Founding Year
- 2014
- Traction
- MarkSetBot has significant traction with over 9,470 days on the water, used by 140+ clubs, and partnerships with major sailing industry leaders. The company has shown continuous revenue growth, exceeding 2020 numbers and achieving 360% growth through Sept. 2021.
- Revenue Amount
-
$30,000,000
- Organizations Involved
- World Sailing, 11th Hour Racing, Sailors for the Sea
- Founders
- Kevin Morin, Matthew Morin
- Company Description
- MarkSetBot is a robotics company disrupting the marine industry, starting with sailboat racing. Their self-propelled robotic buoys use GPS technology to anchorlessly hold position, revolutionizing the way sailboat races are run. The company has a user-friendly mobile app, easy assembly, and is poised to expand into other aquatic applications.
- Market
- Marine Industry
- Location
-
Detroit,
MI,
US
- Coinvestors
- StartEngine Capital, LLC
Links