Blue World Voyages

Blue World Voyages

Growth Stage

New cruise line 100% focused on sports & wellness

New cruise line 100% focused on sports & wellness


Raised this Round: Raised: $245,000

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type


SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap




Year Founded



Travel and Hospitality

Tech Sector


Coral Gables, Florida

Blue World Voyages, a new cruise line focused on sports and wellness, is raising crowdfunding on Republic. The company has a valuation cap of $60 million and aims to offer the first healthy cruise vacation. The cruise will feature a sea-water lap pool and swim platform, a functional training center, yoga studio, juice bar, sports simulators, bike-fitting station, a golf school, and an Aft Therapy pool. Blue World Voyages was founded by Gene Meehan and Fredy Dellis and has raised $288,885 in a previous crowdfunding round and $450,000 in the seed round. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $245,000. Blue World Voyages has already established strategic partnerships with top sports and media companies, and the ship is expected to sail in 2021.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Blue World Voyages 12/23/2019 Republic $60,000,000 $245,000 SAFE Funded RegCF
Blue World Voyages 11/20/2018 Wefunder $100,000,000 $306,186 SAFE Funded RegCF
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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Analyst Report Analyst Report Methodology Article


Blue World Voyages has been selected as a “Top Deal” by KingsCrowd. Today, we are reiterating this Top Deal rating, reserved for the top 10% of all deals across the market. If you have questions regarding our deal diligence and selection methodology please reach out to

Next Section: Other

Since We Last Saw Blue World Voyages...

Blue World Voyages, a cruise line with a health focus, was rated a Top Deal by Kingscrowd in August of 2018. The team is crowdfunding once again, this time on the Republic platform. In its prior round on Wefunder, Blue World Voyages raised via a SAFE with a valuation cap of $60M.

Next Section: Other

A Memory Jog

Very few cruise lines promote health and wellness. In fact, most do the opposite. And health and wellness trends are becoming increasingly popular among younger generations. As mentioned in the last KC rating of Blue World Voyages, millennials prefer to spend money on experiences over material items. Blue World Voyages targets this demographic by focusing its cruise line on wellness. Pairing an experiential cruise line with a health and wellness focus is not only strongly differentiated, but on trend.


Blue World Voyages’ ships will incorporate amenities like a sea water lap pool, farm-to-table dining, and an Aft therapy pool. In creating this wellness cruise line, Blue World Voyages aims to disrupt the $45.6B global cruise line market.

Next Section: Other

Blue World Voyages Traction Update

Since we last reviewed Blue World Voyages, three ships are now available that meet the dimensions and needs for the wellness-based cruise experience. According to the team, financing has been offered by the seller and shipyard.

Today the BWV team is focusing on filling out its 500-member Founder’s club, all investors of $500 or more that the team expects will bring in ~$1M for deposit on the first ship. More importantly, the team now has a proof of concept to show larger investors that there is in fact a significant demand to sail and even purchase luxury residences on the ship.

Through partnerships with lifestyle and travel brands, BWV has secured 15,000 signups on its website for interested passengers that want to sail on a BWV cruise.

More importantly, BWV is offering 40 luxury Owner’s Residences on the ship, which cost in the range of $2 to $3M per unit. The sale of these units alone will generate $105M in sales to finance the buildout of the first ship. Over the past year the team has identified 283 interested buyers and has vetted out around 30 that seem to be firm buyers for the 40 units. They will be working to get deposits into escrow in the coming weeks.  

By developing this demand for the luxury residents they are not only proving the concept is viable, but they are also raising a good amount of the necessary capital to purchase and outfit the first ship, which as an asset alone is worth around $60M to $80M. 

In addition, this demand has created interest from a large marina-focused investment bank to help lead the Series A, which could provide the rest of the necessary capital to fully launch the business. A cruise line has also indicated interest in providing either financing or capital for an equity stake in the business. 

Next Section: Other

Blue World Voyages Financials Update

Blue World Voyages closed its seed round in January of 2018 for a total of $450K. Revenue and cost of goods sold for the past fiscal year were $0. Blue World Voyages, though through a different platform, is raising once again on a Crowd SAFE at a $60M valuation cap with a 10% discount. This valuation remains the same from the prior raise. 


As outlined in the last KC review, this valuation is reasonable for this type of business. In reality, a single completed ship alone will be worth around $60M. In addition, this valuation was attractive in the last funding round, based on internal revenue projections. 

Next Section: Other

Why We (Continue To) Like It


  • Valuation Cap: Blue World Voyages is re-raising with the same attractive valuation cap that it had last year. Again this is because the idea behind this raise is not necessarily to raise tons of capital, but rather to build a loyal Founders Club of 500 investors/travelers to help spread the word. Internal revenue projections suggest that investors will earn 52% annual return based on a model with just three ships and a five year exit plan. Speaking with management, this all seems well within reason with 80% occupancy rates and a staggered rollout of 3 ships over the coming years with 120 luxury units sold. 
  • Exit Potential: In August of 2018, we sat down with founder John Richards in which he confirmed “The company expects to pursue a liquidity event to provide returns for our investors over a five year time horizon. One option could be a public offering, acquisition by a  private investment firm, or acquisition by another line to fill an underserved niche they don’t offer as the market continues to segment itself by a combination of price, activity profile, accommodation and destination.” At this point, Blue World Voyages has progressed as predicted and is on track for a successful liquidity event in the future. To be clear, there are no guarantees of returns but an exit plan seems clear especially with larger cruise lines already poking around the brand. 
  • Differentiated Offering: The cruise line is full of one-size fits all ships that cater to the traveler looking for all-you-can-eat buffets, but there are few cruise lines that cater to a high-end clientele. Moreover, BWV is really the first to focus on providing a cruise line tailored to a health-conscious, activity-based traveler looking for farm-to-table food, workout classes and activities relevant to the local region. Everything about BWV from top to bottom is unique in the cruise industry. They are even knocking down cabin walls and doubling the size of each room. No more tiny rooms for cruise travelers!
  • Traction: In a year’s time, BWV has generated interest from 15,000 potential cruisers through its partnerships with luxury brand publications and appears to be nearing 30 firm buyers for its high-end onboard residences that will provide a significant amount of the needed capital to set sail. This experienced management team is on the right track and taking all the right steps to build something really special in the cruise industry. 


Founder Profile

Founder Profile: The New Standard In Cruise Lines

Cruises have long been a favorite amongst families looking to getaway in the summer or over holidays but many would agree that the traditional cruise industry has grown a bit stale. Industry experts would also agree that there is a large portion of potential cruisers that don’t find the “all you can eat buffets” and the “endless gambling halls” all that appealing. 

That is where Blue World Voyages comes into play with a luxury cruise line that focuses on catering to the “health” conscious traveler. The type of traveler is one who would enjoy farm-to-table dining experiences in the evening accompanied by daily excursions and off-boat activities from kayaking to hiking.

Imagine spinning as you cruise along the Mediterranean? That is the new age experience Blue World Voyages wants to create for its travelers and it's getting close to being able to take this vision and make it into a reality. 

With industry stalwarts founding Blue World Voyages and progress made since we rated the company a Top Deal last year, we sat down with Founder & Chairman, Gene Meehan to learn about where the team is headed.  

Read Founder Interview

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Blue World Voyages on Republic
Platform: Republic
Security Type: SAFE
Valuation: $60,000,000

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