Investment is intended to accelerate Dockwa’s expansion from marina software platform into a full-stack operating system and intelligence layer — powering AI-native products for marina operators, insurers, OEMs, and institutional investors in the marine economy.

Boating is one of the last great consumer categories to digitize. Dockwa, an operating system built for the $57 billion marina economy, today announced a strategic growth investment from PSG, a leading growth equity firm that partners with software and technology-enabled services companies to help navigate transformational growth.

For Dockwa, the investment lands at an inflection point for an industry institutional capital is just discovering. Over the past decade, private-equity-backed roll-ups have consolidated thousands of family-owned marinas into professionally managed portfolios, while the boating consumer — older, wealthier, and more digital — has migrated onto an online platform. What was once a fragmented lifestyle business has become an institutional asset class. Dockwa aims to sit at the center of that shift.

When Dockwa launched in 2015, it focused on one problem: getting a boater into a transient slip without phone tag and paper waivers. Eleven years later, that booking engine has become a system marinas use to manage their business. The platform now handles the full lifecycle of a boat at a marina — inbound inquiry, transient and long-term contracts, integrated payments and billing, point-of-sale for fuel and merchandise, electric metering, dynamic pricing, and direct exports to the accounting systems many marinas already use. The same software supports a one-night stopover and a 365-night annual contract.

Today, Dockwa serves nearly 4,000 marinas — including 97% of the top 95 U.S. harbors — and more than 450,000 boaters. Dockwa also transacts with more than 175,000 unique large-vessel owners (boats 40+ feet) at US marinas annually. Although that segment represents only about 5% of registered boats in North America, it is responsible for more than 60% of total spending at marinas across dockage, fuel, storage, insurance, and service. Today, Marinas.com, Dockwa’s consumer marketplace, and Marine Graph — the proprietary data layer that powers Dockwa’s AI products — has compiled 11 years of transaction history across more than 800,000 boats and 66 million nights booked to date.

This investment is intended to accelerate the next chapter of that strategy: a suite of AI-native products built on Marine Graph. These include Telescope, a dynamic-pricing and revenue-intelligence engine purpose-built for marinas, and Marina-X, a benchmarking and underwriting layer that gives insurers, lenders, and institutional acquirers the first standardized view of marina performance. Dockwa also plans to expand module adoption inside its existing operator base and extend the platform into Canada and Europe.

“Dockwa was built to make it easier for people to get out on the water,” said Mike Melillo, Co-Founder and CEO of Dockwa. “What started as a simpler way to book a slip pulled us, conversation by conversation, into every part of how a marina actually runs. Eleven years on, the platform reflects that. PSG understands what we are building and why it takes time to compound. With their partnership, we can keep building the operating system this industry deserves — and get more people on the water doing what they love.”

“We have spent considerable time evaluating software businesses across the marine and recreational ecosystem, and Dockwa stands out for its unique combination of a strong marina operating platform and scaled boater network,” said Chris Andrews, Managing Director and Chris Collins, Principal at PSG. “By serving both marina operators and boaters, the company has built a differentiated platform with powerful network effects that we believe will continue to strengthen over time. We are excited to partner with Mike and his team for the next chapter.”

“Going all-in on Dockwa produced one of the largest year-over-year growth stories in our history,” said Dan Jemal, Investor (Radcliff Management), Brooklyn Bridge Marina. “Dockwa eliminated friction across seasonal and transient reservations, and Dockwa Deals opened the door to an entirely new pool of demand – boaters we never would have reached on our own.”

Dockwa was advised by AGC Partners as exclusive financial advisor, with DLA Piper serving as company counsel and Sterlington as management counsel. PSG was advised by Weil, Gotshal & Manges LLP, Ernst & Young LLP, and Crosslake Technologies. Terms of the investment were not disclosed.

Source: BUSINESS WIRE