Dockwa

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Dockwa - overview

Location

Newport, RI, US

Primary Industry

Transportation Services

About

Dockwa is a technology company that provides marina management software, facilitating connections between boaters and marina operators while streamlining operational tasks and enhancing user experiences in the boating industry. Dockwa specializes in marina management solutions designed to improve the efficiency of marina operations and enhance the experience for boaters. Founded by John Nagro, Matthew Fradette, Mike Melillo, and Tyler Kneisel, the company is headquartered in Newport, US. The most recent funding round was a Seed round in January 2018, where the company raised USD 2.


00 mn from The Cambria Group, which marked its first significant investment. CEO Mike Melillo leads the team as they focus on expanding their service offerings. Dockwa has successfully completed 3 deals to date. Dockwa specializes in marina management software that enhances the connection between boaters and marinas by streamlining various operational tasks.


The software automates daily operations, simplifies contract processing, and facilitates real-time communication between marina staff and boaters. Dockwa's offerings also include a mobile application that allows users to discover new marinas, reserve dock space, and manage vessel details and payment information—all without any fees for end users. The primary clientele consists of marina operators and boaters, predominantly located in coastal areas and inland lakes across the United States. Dockwa generates revenue by providing free access to its application, which features no booking fees or price mark-ups for end users.


The software allows marinas to gain visibility to a wider customer base while offering boaters a streamlined reservation process. The company operates a B2B model, partnering with marinas that may pay for premium features or enhanced access within the Dockwa platform, supporting a more efficient booking process. Dockwa aims to leverage its recent Seed funding of USD 2. 00 mn raised in January 2018 to further enhance its product offerings and expand into new geographic markets.


The company is currently designing new features for its software that are anticipated to launch in the coming year, enhancing user experience and operational efficiency for marinas. Additionally, Dockwa is targeting expansion into other popular boating regions across the US, promoting their software to more marina operators to increase market penetration.


Current Investors

The Cambria Group

Primary Industry

Transportation Services

Sub Industries

Marine

Website

www.dockwa.com

Verticals

Mobile Apps

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Dockwa - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedDockwa-

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