Snag-A-Slip Raises $4.8 Million

Snag-A-Slip closed $4.8 million in Series A financing. Claritas Capital led the round, with participation from TCP Venture Capital and Abell Venture Fund.

Snag-A-Slip is a Baltimore-based company that connects boaters with available slips, while also showcasing marinas via digital channels, in the same way that hotels are promoted digitally. The mobile-responsive website and mobile app allows boaters to explore marinas by region, city or marina name and search for slip availability based on travel dates, length, beam, draw and power requirements. Boaters can pick preferred marinas based on amenities, location and availability and book immediately with any credit card. There are no booking fees associated with the service, which is now available from Canada to the Caribbean. The Snag-A-Slip mobile app is now available for free download on the App Store and Google Play.

The company revealed that the Series A funding will allow the company significantly to expand sales and marketing efforts, develop new product features and broaden operations.