PSG has made an investment in Dockwa, a software platform serving marina operators and recreational boaters.
The funding will support Dockwa’s continued expansion as it develops AI-driven products, increases adoption of its software modules, and enters new markets in Canada and Europe.Founded in 2015, Dockwa provides marina operators with an operating system that manages transient and long-term slip reservations, payments, billing, point-of-sale transactions, electric metering, pricing and accounting integrations. The company serves nearly 4,000 marinas, including 97 percent of the top 95 U.S. harbors, and more than 450,000 boaters. Through its consumer marketplace, Marinas.com, and its proprietary data platform, Marine Graph, Dockwa has accumulated 11 years of transaction history covering more than 800,000 boats and 66 million nights booked.
Dockwa was advised by AGC Partners as exclusive financial advisor, DLA Piper as company counsel, and Sterlington as management counsel. PSG was advised by Weil, Gotshal & Manges LLP, Ernst & Young LLP, and Crosslake Technologies.