Snag-A-Slip Snags $4.8 Million Financing Deal

Snag-A-Slip has closed a $4.8 Million Series A financing round enabling the company to expand both its online boat slip reservation company and its consulting and marina management sister company, Oasis Marinas.

Oasis Marinas currently operates six marinas in the Mid-Atlantic, while Snag-A-Slip has a network of over 500 marinas in its service. The new funding will be used to expand marketing and sales, develop new product features and broaden overall operations.

The financing round was led by Claritas Capital and included TCP Venture Capital through the Propel Baltimore Fund and Jerry South, founder and chairman of Towne Park and the Abell Foundation. Claritas Capital is a private equity firm and active investor in technology, health care, business services and real estate.