savvy navvy is celebrating its fastest overfunding to date on the investment platform Seedrs.

Offers began pouring in within seconds of the Dorset marine technology company’s latest funding round going live.

By February 5 the innovative all-in-one navigation app, often referred to as ‘Google maps for boats’, had smashed through its initial £600,005 target with more than £920,000 from 470 investors.

And there are another 25 days left.

The round is still open for what may be the last chance for anyone who wants to come onboard and own a piece of the business, developed by entrepreneur Jelte Liebrand.

As reported on Dorset Biz News, this could be the final crowdfunding round after its most successful year to date.

By the end of 2022 savvy navvy had doubled its annual recurring revenue to £1.5m.

The previous four crowdfunding rounds, run since 2019, proved hugely successful with more than £3m raised in total by more than 1,800 investors, including the founders of Kahoot.

Jelte, pictured, CEO and Founder of savvy navvy, said: “In all our rounds to date, this is the fastest overfunding we’ve ever experienced and I’m blown away by the continued support.

“We are knocking at the door of profitability and as a company we’re moving into a new phase.

“While our core product is targeted at boaters, last year we expanded that to paddleboarders, kayakers and jet-skiers too.

“With this funding round we will be looking at launching our enhanced version of the app to get even more people safely out on the water.

“We are continuing to overfund, but anyone who wants the opportunity to own a piece of savvy navvy will have to act fast to not miss out.

“What a great way to start 2023.”

Interest in the navigation app, which ex-Google software engineer and avid sailor Jelte built from the ground up alongside his now 15-strong fully remote team – is more prominent than ever.

He said: “We’ve hit close to a million app downloads and users have plotted more than 100,000,000 miles around the world.

“Now in our sixth year here at savvy navvy, we are actively shaping the marine industry for the better and challenging the bigger navigation apps in the market.

“This investment will help continue to drive these business and new technical innovations forward.

“We are also working more closely with marine agencies and other stakeholders, as we are building one of the most insight-rich platforms on boating behaviour.

“It is a rare opportunity to play a part in shaping the future of sailing tech as we know it and we are so delighted to have our new investors on board as we head into the next phase of growth and innovation.”

Poole-based Jelte won the Seedrs Entrepreneur of the Year award in 2019 for savvy navvy’s crowdfunding success.

At the end of last year, he also landed the Great British Entrepreneur of the Year Award in the Scale Up category.

• Find out more about savvy navvy at savvy-navvy.com or visit its  Seedrs crowdfunding page by clicking here.