MarkSetBot (Equity)

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
Funding Amount:
$1,070,000

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

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