According to the forexmagnates.com, the domain name Invest.com has been sold for more than $5 Million dollars to the VC firm Singulariteam headquartered in Tel Aviv, Israel and will be used for a Forex trading site.
Singulariteam, is described as being a “super angel investor”, and Moshe Hogeg’s, its Managing Partner & Chairman, is also known for having invested $200,000 in the messaging app Yo!, and is the is the CEO and Founder of Mobli, a social mobile photo and video-sharing website with over 22 million users .”
“Founded in 2012 and headquartered in Tel Aviv with 4 offices located around the globe, Singulariteam the fund focuses on investing in advanced, new and disruptive technologies.”
“The over $5 million price tag paid by Hogeg’s fund is a new record for forex related domains, more than doubling Investing.com’s $2.45 million in 2012.”
According to the story, Singulariteam is behind a new venture called Stox, which is referred to as “the next big thing in retail trading and the ForexMagnates believes that invest.com will be used for that platform
We noted back in August 2012 that the domain name invest.com was back for sale on the market, after having sold for $1 million dollars in 2008.
Invest.com currently appears to be still in escrow and registered to Escrow.com