Newport-R.I.-based Dockwa announced that it secured a strategic investment from PSG, a Boston-based growth equity firm that partners with software and technology companies. Terms of the deal were not disclosed. The investment is intended to accelerate Dockwa’s expansion from a marina software platform into what the company describes as a full-stack operating system for the $57 billion marina economy.
“PSG understands what we are building and why it takes time to compound,” Dockwa CEO and co-founder Mike Melillo said in a statement. “With their partnership, we can keep building the operating system this industry deserves.”
Dockwa plans to use the investment to launch two AI-native products built on its Marine Graph platform: Telescope, a dynamic-pricing and revenue-intelligence engine for marina operators, and Marina-X, a benchmarking and underwriting tool designed to give insurers, lenders and institutional investors a standardized view of marina performance.
The company also plans to expand module adoption within its existing operator base and extend the platform into Canada and Europe, the statement said.
