Sailogy.com closes $1.15 million financing round

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13.03.2014

Sailogy.com, the marketplace specialized in boats chartering, announces that it has closed$1,150,000 financing round. The deal has been led by the Swiss Government Foundation AGIRE and Mr. Fabio Cannavale, Executive Chairman of BravoFly Rumbo Group; existing shareholders of the Company also participated.

Sailogy’s mission is to make sailing easy and accessible to everybody. Through its disruptive website Sailogy is the first in the industry to encourage direct communication between local charter companies and global customers, with the goal to increase trust among the community.

In order to ensure maximum safety to customers Sailogy’s personnel visit directly every harbour and take pictures of the yachts. “The process is on-going”, says the Founder Mr. Manlio Accardo, “we’ve already photographed 65% of our fleet and we will use the fresh cash of this financing round to move even faster. Our data show that certified yachts not only sell faster but also perform better. We never had complaints from our customers over our certified fleet”. Since the inception of the company Sailogy’s personnel has covered more than 10,000 Miles by car to inspect yachts in their respective harbours.

The round of financing will be used to make Sailogy’s offer even stronger in 2014. “We couldn’t have found better investors”, concludes Manlio Accardo, “The AGIRE foundation manages funds coming directly from the Canon of Ticino Government in order to fuel the growth of start-ups. It is a very friendly investor who focuses on long term results. Mr. Cannavale of BravoFly Rumbo Group is a key addition to our board as well; he is already providing us with his successful vision of the online travel industry as well as helping us in developing very strong relationships and partnerships in the market”.

About Agire Foundation:
AGIRE, a public-private partnership established in 2011, fosters the innovation and entrepreneurship in Ticino, leading to an increase in economic competitiveness and the creation of high-skilled jobs. It focuses, on one side, on the support of existing companies, by encouraging the transfer of technology and knowledge with academic centres and, on the other side, on the support of new companies that develop innovative products targeting international markets.

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