Sentinel is solving boat maintenance and logistics problem by bringing boat's data online. Knowing where the boat is, its health and usage information (petrol station visits, ETA, danger areas, etc.) are invaluable for boat rental business. Their solution is no less interesting to private boat owners, who spend only a fraction of each year on the boat, since most damage occurs when the boat is not being used. In just 2 years, they reached a dominant position in Croatia (4th biggest boat rental market worldwide) mostly from business clients.
The investment is intended to fuel their growth in Europe and extend it to the USA.