Marina booking platform Dockwa takes growth investment from PSG
Why this matters
This is Dockwa formalizing what marinas already use it for: taking reservations. Moving from booking software into a fuller operating system means migrating more of a marina's daily front-office work onto one vendor's roadmap, which is a real transition cost on a working dock, not just a product upgrade.
Dockwa, the reservation and operations platform used by marinas across North America, announced on June 3 that PSG had put growth capital into the company. PSG is a Boston-based growth equity firm that says it has backed more than 170 companies since it was founded. Dockwa did not disclose how much PSG is putting in.
Founded 11 years ago, Dockwa says it now serves nearly 4,000 marinas, covering 97% of the top 95 U.S. harbors, and that more than 450,000 boaters have booked through the platform, logging over 66 million boat-nights. Dockwa said the new capital will fund a move from booking software into a fuller operating system for marina management, including AI-native tools, and will support expanding the platform into Canada and Europe. Private Markets Minute reported that existing investors Camber Creek and Longfellow Venture Partners are remaining invested alongside PSG.
Dockwa CEO Mike Melillo said of the deal: “Eleven years on, the platform reflects that. PSG understands what we are building.”
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- Dockwa
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- Dockwa Secures Strategic Growth Investment from PSG to Build the Operating System for the $57 Billion Marina Economy
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- Private Markets Minute
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- Dockwa Lands PSG Investment to Digitize $57B Marina Industry
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