• Home
  • About Us
  • Contact
  • Advertise
  • Awards
  • Privacy Policy
  • Twitter
  • Facebook
  • RSS
TheDomains.com

Donuts Secures Additional New gTLD Funding For Auctions

April 8, 2013 by Michael Berkens

Donuts Inc., the applicant for the largest number of new gTLD strings, announced tonight that is has closed on  “Series B equity investment which was “oversubscribed” and which “nearly doubles our capacity to compete”.

The investment round was “led by existing investor Generation Partners, at twice the valuation of the initial Series A round, as well as additional financing from Columbia Partners Private Capital, the latter complementing the company’s existing senior line from Comerica Bank. ”

“Specific terms of the deals were not disclosed.”

“The added funding follows last June’s announcement that Donuts had secured initial funding of more than $100 million from multi-billion dollar venture capital and private equity funds and a top-tier bank.”

“Donuts CEO and co-founder Paul Stahura said:

The additional capital is targeted toward securing new gTLDs in the coming months, when applicants are slated to resolve “contention sets,” an industry term for multiple applications for the same gTLD.

“We intended from the beginning to secure the gTLDs for which we applied,”

“We enjoy tremendous support from our stockholders and lenders. ”

Our investors believe as strongly as we do that new gTLDs will bring relevance and specificity to registrants who have few usable choices today for Internet identities.  ”

Stahura confirmed that Donuts has further access to additional capital should the need arise.

Filed Under: New gTLD's

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

« Horizon Publishing Found Guilty Of Reverse Domain Name Hijacking On Opulence.com
Google Lays Out Plans For A “Dotless .Search” New gTLD »


Recent Articles

  • Will $15M seem like a steal or a huge overpay 5 years from now for NFTs.com?
  • Sedo weekly domain name sales led by Afloat.com
  • Galileo.net from $4,050 to $50K in a little over a month

Recent Comments

  • Rex on Will $15M seem like a steal or a huge overpay 5 years from now for NFTs.com?
  • Joe on Will $15M seem like a steal or a huge overpay 5 years from now for NFTs.com?
  • steve on Will $15M seem like a steal or a huge overpay 5 years from now for NFTs.com?
  • MarkMajor on Will $15M seem like a steal or a huge overpay 5 years from now for NFTs.com?
  • Jon on Will $15M seem like a steal or a huge overpay 5 years from now for NFTs.com?

Polls

How Many .Web Domains Will Be Registered 1 Year After Launch

View Results

Loading ... Loading ...
  • Polls Archive

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

Archives

domain name news

Copyright ©2019 TheDomains.com — Published by Worldwide Media, Inc. — Site by Nuts and Bolts Media