Next Boatworks

Launching A Rowing Revolution

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Security Type
Retail, Technology, Healthcare & Medical, Community & Lifestyle
Min Investment
Bristol, RI
Offering Date
October 24, 2021
Expected Close Date
April 30, 2023
Target Raise
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

At NEXT Boatworks, our mission is nothing less than the reintroduction of rowing, as a universal human activity, to the world. We will execute that mission by designing and building a new breed of rowing boats that defy both category and convention—boats that are accessible to anybody, on any body of water.

Key Deal Facts

The first American-Made coastal rowing boat builder.
The NEXT C1X, establishes NEXT Boatworks as the leader in coastal rowing boat design.
Pre-production sales of $118K, from Hong Kong to California to Maine.
$45Bn spent annually on small boats, human-powered.
Coastal-style rowing is the fastest-growing segment of rowing globally.
Coastal rowing expecting 2028 Olympics debut, driving interest and demand for coastal boats.
Bootstrapped $750k from founding team so far.

Management Team / Advisory Board Bios

Dennis Loebs
CEO, Co-founder
Serial small business owner and small boat addict. Design-focused and detail-driven. Creator of $75M+ accumulated value in the AEC space. Dennis gets things done.

Ben Booth
Co-founder, Boat Designer, Coastal Rowing Guru
An authority on coastal rowing and a member of US Rowing coastal committee, Ben is a pioneer in the sport. He was the first US athlete in the coastal world championships, and holds course records at home and abroad. Big wave rowing is his specialty.

Sinead Fitzgibbon
Advisor, board member
Racing coastal boats globally since 2018, representing USA in IRL, HK. Physiotherapist, coach, trainer. Fits bodies to boats, and boats to bodies.
Amount Raised : $82,350
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Security Description

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