What is DiMillo?
DiMillo's Yacht Sales operates as a professional yacht dealership and brokerage firm with an expansive network of five locations spanning from Maine to Maryland. Established in 1954, the company boasts over two hundred years of combined broker expertise. DiMillo's currently represents new yachts from esteemed manufacturers such as Sabre Yachts, Back Cove Yachts, Coastal Craft, and Southport. Beyond new and pre-owned yacht sales, the firm provides comprehensive, year-round service capabilities, including new vessel commissioning, yacht repair, and in-house captain services, catering to both new and brokerage buyers.
How much funding has DiMillo raised?
DiMillo has raised a total of $1.9M across 2 funding rounds:
Debt
$350K
Debt
$1.5M
Debt (2020): $350K with participation from PPP
Debt (2021): $1.5M led by PPP
What's next for DiMillo?
The substantial enterprise-level funding context suggests DiMillo's is in a mature growth phase, likely utilizing this capital for further market expansion, fleet enhancement, or strategic acquisitions. The consistent debt financing indicates a stable financial strategy focused on leveraging assets to fuel operational capacity and service offerings. Future developments may involve expanding their dealership footprint, enhancing their service infrastructure, or potentially diversifying their brand representation within the competitive luxury yacht market.
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