Savvy Navvy, known as the “Google Maps for boats,” is already 135 per cent oversubscribed, with more than 200 investors backing the company.
The fundraising campaign, which is still live on investment platform Republic Europe, has been opened up to the public, allowing recreational boaters to become shareholders.
With over three million app downloads worldwide, Savvy Navvy is rapidly gaining traction in the global leisure-marine market.
It has now started partnering with boat and engine manufacturers to bring its technology directly to onboard systems.
Jelte Liebrand, CEO and founder of Savvy Navvy, said: “From the beginning, Savvy Navvy has been shaped by the boating community.
“Many of our users tell us they feel part of what we’re trying to change in marine navigation.
“It only felt right to offer them the chance to own a piece of it, too.
“I’m so pleased to have over 200 new investors on board in this round already.”
The company intends to use the funds to continue its expansion and launch new innovations in the marine industry, bridging the gap between mobile technology and boat systems.
