According to a Press Release Donuts Inc, applied for 307 New gTLD’s by far the most of any company that has announced so far.
At last report ICANN had received over 1,900 new gTLD applications, so Donuts, Inc. would represent around 15% of all applications.
The 307 applications means that Donuts spent $60 Million just in application fees payable to ICANN.
Donuts Inc. is going to use Demand Media, Inc. (DMD) for its back end registry services.
Donuts, Inc. also said they have raised over $100 Million dollars from notable sources, including:
· Austin Ventures
· Adams Street Partners
· Emergence Capital Partners
· TL Ventures
· Generation Partners
· Stahurricane (Stahura’s investment fund)
“Stahura said Donuts is ready to raise additional funding should circumstances warrant. “Our investors are very optimistic about both this opportunity and our plans,” he said.”
Chris Pacitti, General Partner of Austin Ventures. “Donuts is going to be a formidable presence in Internet namespace growth.”
“Donuts was founded by Paul Stahura, Richard Tindal, Jonathon Nevett and Daniel Schindler—four industry veterans with extensive experience in registry and registrar operations and industry governance, and who have successfully launched TLDs, built industry-leading companies, and brought value and choice to the domain name marketplace.”
“The company has rounded out its executive team with three hires, all effective on May 1, 2012, and each with domain name industry experience:
“Kevin Wilson has been named Chief Financial Officer. For almost four years, until January 2011, Wilson was CFO for the Internet Corporation for Assigned Names and Numbers (ICANN, the industry’s policy development organization), and previously held financial leadership positions in varied industries, including Internet, technology, financial services, real estate and others.
“Mason Cole, an executive from SnapNames and Oversee.net and a leader in ICANN policy development, has been appointed Vice President of Communications and Industry Relations. Cole is a 12-year veteran of the domain name industry.
“Alvaro Alvarez, formerly with the firm of Perkins Coie LLP, Donuts’ outside counsel, has been named Vice President and General Counsel. Alvarez has worked with Donuts since its incorporation in 2010 and on domain industry matters since 2007.
Donuts, Inc. previously announced that is was applying for 10 new gTLD’s.
The date for the big reveal of who applied for what extension has been set by ICANN for June 13th. While some applicants have come forward outing themselves on the extension they have applied for, Donuts, Inc. is not one of them.